7 Riding Ridge RdProspectKY40059
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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 Prospect at 7 Riding Ridge Rd, Prospect, KY, 40059 earns $56/mo cash flow from $3,646/mo rent with a $2,887/mo payment. Total monthly income totals $3,646/mo, and annual cash flow totals $672/yr on $194,077 capital. ROI tracks 20.41% on current figures, and rental yield reads 7.42% at a $589,900 purchase. Equity gained on principal adds $3,807/yr, and 5% annual appreciation supports $162,978 over five years. Five-year ROI reaches 105.36% and total cumulative return in cash sums $204,489. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,646/mo property income instead of your personal income.
Single Family
Built in 1983
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40059, Prospect, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,660 (100%) |
| Owner Occupied HU | 6,922 (79.9%) |
| Renter Occupied HU | 1,111 (12.8%) |
| Vacant Housing Units | 627 ( 7.2%) |
| Median Home Value | $575,166 |
| Average Home Value | $626,621 |
Housing Distribution
Address Breakdown
Residential
8,880
Single Family
7,686
Multi-Family
1,194
Businesses
581
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