300 Timber Ridge Dr UNIT 2WilderKY41071
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
Investment Highlights
Investment property for sale in Wilder at 300 Timber Ridge Dr UNIT 2, Wilder, KY, 41071 uses $53,769 cash to close to unlock $10,341/yr annual cash flow and $862/mo monthly cash flow. Total monthly income runs $1,849/mo, and a $794/mo payment keeps the spread at $862/mo. Purchase price stands at $162,200, and rental yield measures 13.68% with $1,849/mo rent. Return on cash invested shows 39.14% in year one, and 5% annual appreciation builds toward $44,813 over five years. Five-year ROI reaches 205.87% and total cumulative return in cash records $110,696. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,849/mo property income covering a $794/mo payment rather than investor’s personal income.
Condo
Built in 1992
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41071, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,761 (100%) |
| Owner Occupied HU | 4,704 (43.7%) |
| Renter Occupied HU | 4,954 (46.0%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $260,721 |
| Average Home Value | $296,826 |
Housing Distribution
Address Breakdown
Residential
9,864
Single Family
7,027
Multi-Family
2,837
Businesses
682
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
