500 Indian Ridge RdFalls Of RoughKY40119
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 Falls Of Rough at 500 Indian Ridge Rd, Falls Of Rough, KY, 40119 offers $1,186/mo rent that, after a $1,397/mo payment. Total monthly income is $1,186/mo. Return on cash invested measures 12.92% in year one, and rental yield stands at 4.98% at a $285,500 entry. Equity gained on principal adds $1,842/yr while 5% annual appreciation compounds into $78,878 by year five. Five-year ROI records 65.23% and total cumulative return in cash reaches $61,735. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,186/mo property income versus a $1,397/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40119, Falls Of Rough, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,794 (100%) |
| Owner Occupied HU | 783 (43.6%) |
| Renter Occupied HU | 115 ( 6.4%) |
| Vacant Housing Units | 896 (49.9%) |
| Median Home Value | $170,997 |
| Average Home Value | $191,734 |
Housing Distribution
Address Breakdown
Residential
1,311
Single Family
1,311
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Randy S Hayden • CHANGE OF PLACE REAL ESTATE, LLC
Mls Name: Greater Owensboro Realtor Association
Mls ID: #93046