590 Forest Ridge RdBronstonKY42518
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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 Bronston at 590 Forest Ridge Rd, Bronston, KY, 42518 priced at $220,000 converts $1,478/mo rent into $139/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,478/mo, and annual cash flow totals $1,666/yr on $72,930 invested. Return on cash invested prints 22.19% in year one, and rental yield reads 8.06% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 114.96% and total cumulative return in cash sums $83,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,478/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Manufactured
Built in 2023
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42518, Bronston, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,158 (100%) |
| Owner Occupied HU | 980 (45.4%) |
| Renter Occupied HU | 338 (15.7%) |
| Vacant Housing Units | 840 (38.9%) |
| Median Home Value | $175,313 |
| Average Home Value | $315,413 |
Housing Distribution
Address Breakdown
Residential
1,423
Single Family
1,423
Multi-Family
0
Businesses
61
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Listed by: Sydney Privett • Patriot Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24025338
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.