348 Ridge RdAirport RdKY40806
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 Airport Rd at 348 Ridge Rd, Airport Rd, KY, 40806 at $510,000 posts ROI 21.88% with $254/mo cash flow from $3,358/mo rent. Total monthly income equals $3,358/mo, and annual cash flow records $3,051/yr on $167,790 to close. Return on cash invested measures 21.88% and rental yield reads 7.9% at the current $510,000. Equity gained on principal adds $3,291/yr, and 5% annual appreciation supports $140,904 by year five. Five-year ROI prints 113.25% and total cumulative return in cash totals $190,023.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,358/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1977
5.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40806, Baxter, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,359 (100%) |
| Owner Occupied HU | 802 (59.0%) |
| Renter Occupied HU | 435 (32.0%) |
| Vacant Housing Units | 122 ( 9.0%) |
| Median Home Value | $137,912 |
| Average Home Value | $161,512 |
Housing Distribution
Address Breakdown
Residential
684
Single Family
684
Multi-Family
0
Businesses
57
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Nearby investment properties with comparable prices
Listed by: Jennifer Skidmore • Highland Heritage Realty
Mls Name: Imagine MLS
Mls ID: #25016169