6516 Ridge Cliff RdHollow CreekKY40228
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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
Investment property for sale in Hollow Creek at 6516 Ridge Cliff Rd, Hollow Creek, KY, 40228 uses $107,738 cash to close to unlock $9,741/yr annual cash flow and $812/mo monthly cash flow. Total monthly income runs $2,790/mo, and a $1,591/mo payment keeps the spread at $812/mo. Purchase price stands at $325,000, and rental yield measures 10.3% with $2,790/mo rent. Return on cash invested shows 28.95% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 151.2% and total cumulative return in cash records $162,901. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,790/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40228, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 6,015 (68.4%) |
| Renter Occupied HU | 2,430 (27.6%) |
| Vacant Housing Units | 352 ( 4.0%) |
| Median Home Value | $267,381 |
| Average Home Value | $286,167 |
Housing Distribution
Address Breakdown
Residential
8,368
Single Family
8,108
Multi-Family
260
Businesses
343
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Listed by: Steve P Nikirk • Real Broker, LLC
Mls Name: GLARMLS
Mls ID: #1694359