2608 Hickory Ridge RdMount EdenKY40046
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 2608 Hickory Ridge Rd, Mount Eden, KY, 40046 in Mount Eden delivers $2,836/mo in gross rent and $462/mo in net monthly income at a $390,000 entry. The 8.72% yield and 1.62 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $107,750 over five years and $3,592/yr in equity from loan paydown, total projected return is $177,470.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.1% |
| Monthly Cash Flow | $462 | $650 |
City averages based on Mount Eden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,836 |
| Total Monthly Debt Service | $2,218 |
| DSCR Ratio | 1.28x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2018
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40046, Mount Eden, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 766 (83.0%) |
| Renter Occupied HU | 111 (12.0%) |
| Vacant Housing Units | 46 ( 5.0%) |
| Median Home Value | $297,596 |
| Average Home Value | $348,476 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2018
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40046, Mount Eden, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 766 (83.0%) |
| Renter Occupied HU | 111 (12.0%) |
| Vacant Housing Units | 46 ( 5.0%) |
| Median Home Value | $297,596 |
| Average Home Value | $348,476 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: David J Taylor • Realty Associates, Inc.
Mls Name: GLARMLS
Mls ID: #1698414