350 Timber Ridge Dr UNIT 3WilderKY41071
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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
Total monthly income runs $1,279/mo, and a $808/mo payment. Purchase price stands at $165,000, and rental yield measures 9.3% with $1,279/mo rent. Return on cash invested shows 17.96% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 95.24% and total cumulative return in cash records $52,091. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,279/mo property income covering a $808/mo payment rather than investor’s personal income.
Condo
Built in 1993
0.47 Acres lot
$N/A/sqft
$363 monthly 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
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Listed by: Nick Gregory • RE/MAX Victory + Affiliates
Mls Name: NKMLS
Mls Provider:
Mls ID: #634736
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