585 Woods Edge DrLondonKY40741
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 585 Woods Edge Dr, London, KY, 40741 in London. Rental yield 4.64%. At $989,500 with 4.64% gross yield, current distributions are modest, but the 5% appreciation rate projects $273,381 in new equity by year five, complemented by $9,113/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.86) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $233,582.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.6% | 7.5% |
| Monthly Cash Flow | $(2,194) | $850 |
City averages based on London market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,828 |
| Total Monthly Debt Service | $5,629 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1995
4.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40741, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,313 (100%) |
| Owner Occupied HU | 6,421 (62.3%) |
| Renter Occupied HU | 2,983 (28.9%) |
| Vacant Housing Units | 909 ( 8.8%) |
| Median Home Value | $171,848 |
| Average Home Value | $210,766 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,853
Multi-Family
120
Businesses
1,068
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
Single Family
Built in 1995
4.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40741, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,313 (100%) |
| Owner Occupied HU | 6,421 (62.3%) |
| Renter Occupied HU | 2,983 (28.9%) |
| Vacant Housing Units | 909 ( 8.8%) |
| Median Home Value | $171,848 |
| Average Home Value | $210,766 |
Housing Distribution
Address Breakdown
Residential
9,973
Single Family
9,853
Multi-Family
120
Businesses
1,068
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim E Smith • Sallie Davidson, Realtors
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24024435
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.