489 Eagle Creek DrDry RidgeKY41035
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 Dry Ridge at 489 Eagle Creek Dr, Dry Ridge, KY, 41035 priced at $299,000 converts $2,497/mo rent into $678/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,497/mo, and annual cash flow totals $8,132/yr on $99,119 invested. Return on cash invested prints 28.11% in year one, and rental yield reads 10.02% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 146.7% and total cumulative return in cash sums $145,402. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,497/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41035, Dry Ridge, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,601 (100%) |
| Owner Occupied HU | 3,173 (69.0%) |
| Renter Occupied HU | 1,026 (22.3%) |
| Vacant Housing Units | 402 ( 8.7%) |
| Median Home Value | $226,293 |
| Average Home Value | $247,191 |
Housing Distribution
Address Breakdown
Residential
4,396
Single Family
4,396
Multi-Family
0
Businesses
248
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Nearby investment properties with comparable prices
Listed by: Jim Hewitt • Regional Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #633015
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