401 Turkey Ridge RdWellingtonKY40387
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
Rental property for sale in Wellington at 401 Turkey Ridge Rd, Wellington, KY, 40387 offers $1,136/mo rent that, after a $607/mo payment, leaves $381/mo cash flow. Total monthly income is $1,136/mo, and annual cash flow is $4,575/yr on $41,106 cash. Return on cash invested measures 31.04% in year one, and rental yield stands at 10.99% at a $124,000 entry. Equity gained on principal adds $800/yr while 5% annual appreciation compounds into $34,259 by year five. Five-year ROI records 162.52% and total cumulative return in cash reaches $66,807. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,136/mo property income versus a $607/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40387, Wellington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,367 (100%) |
| Owner Occupied HU | 704 (51.5%) |
| Renter Occupied HU | 127 ( 9.3%) |
| Vacant Housing Units | 536 (39.2%) |
| Median Home Value | $104,600 |
| Average Home Value | $113,746 |
Housing Distribution
Address Breakdown
Residential
1,154
Single Family
1,154
Multi-Family
0
Businesses
11
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Nearby investment properties with comparable prices
Listed by: Sue McClurg • All Star Real Estate, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #23011780
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.