348 Ridge RdAirport RdKY40806
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable, bankable, and well-priced, 348 Ridge Rd, Airport Rd, KY, 40806 in Airport Rd delivers $3,358/mo in gross rent and $254/mo in net monthly income at a $510,000 entry. The 7.9% yield and 1.46 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 $140,904 over five years and $4,697/yr in equity from loan paydown, total projected return is $209,555.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.0% |
| Monthly Cash Flow | $254 | $650 |
City averages based on Airport Rd market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,358 |
| Total Monthly Debt Service | $2,901 |
| DSCR Ratio | 1.16x |
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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennifer Skidmore • Highland Heritage Realty
Mls Name: Imagine MLS
Mls ID: #25016169