2608 Hickory Ridge RdMount EdenKY40046
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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
Investment Highlights
Investment property for sale in Mount Eden at 2608 Hickory Ridge Rd, Mount Eden, KY, 40046 with 5% annual appreciation on a $390,000 basis while $2,929/mo rent supports operations. Total monthly income totals $2,929/mo and a $1,909/mo payment preserves $555/mo for cash returns. Annual cash flow comes to $6,663/yr on $129,285 deployed, and return on cash invested reaches 25.06% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,750 alongside rental yield of 9.01%. Five-year ROI measures 130.37% and total cumulative return in cash totals $168,548.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,929/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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
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Listed by: David J Taylor • Realty Associates, Inc.
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1698414
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