517 Ivy Ridge DrCold springKY41076
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
Investment property for sale in Cold spring at 517 Ivy Ridge Dr, Cold spring, KY, 41076 offers a 12.94% rental yield on a $200,700 purchase with $2,165/mo rent. Total monthly income registers $2,165/mo, and a $982/mo payment leaves $944/mo available for distribution. Annual cash flow reaches $11,326/yr on $66,532 to close, and return on cash invested stands at 36.93% in year one. Equity gained on principal adds $1,295/yr while 5% annual appreciation supports $55,450 over five years. Portfolio math shows five-year ROI at 193.98% and total cumulative return in cash at $129,060. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,165/mo property income against a $982/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,771 (100%) |
| Owner Occupied HU | 5,539 (71.3%) |
| Renter Occupied HU | 1,911 (24.6%) |
| Vacant Housing Units | 321 ( 4.1%) |
| Median Home Value | $275,264 |
| Average Home Value | $293,103 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: Huff Realty
Mls Provider:
Mls ID: #632218