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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Florence at 7315 Ridge Edge Ct #A, Florence, KY, 41042 uses $104,423 cash to close to unlock $643/yr annual cash flow and $54/mo monthly cash flow. Total monthly income runs $2,280/mo, and a $1,542/mo payment keeps the spread at $54/mo. Purchase price stands at $315,000, and rental yield measures 8.69% with $2,280/mo rent. Return on cash invested shows 20.53% in year one, and 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 107.3% and total cumulative return in cash records $112,049. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $1,542/mo payment rather than investor’s personal income.
Condo
Built in 1996
2,178 sqft lot
$N/A/sqft
$309 monthly HOA
Neighborhood data shown for ZIP Code: 41042, Florence, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,664 (100%) |
| Owner Occupied HU | 13,975 (59.1%) |
| Renter Occupied HU | 8,544 (36.1%) |
| Vacant Housing Units | 1,145 ( 4.8%) |
| Median Home Value | $243,210 |
| Average Home Value | $262,135 |
Residential
22,976
Single Family
16,237
Multi-Family
6,739
Businesses
2,027
Date | Event | Price |
|---|---|---|
| 2025-06-24 | Listed for sale | $315,000 |
| 1997-08-21 | Sold | $183,237 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-06-24 | $1840.55 | N/A | $194,200 | N/A |
| 2019-06-24 | $1840.55 | -0.30% | $194,200 | N/A |
| 2018-06-24 | $1846.14 | 3.59% | $194,200 | N/A |
Listed by: Melissa Maxwell • ERA Real Solutions Realty
Mls Name: NKMLS
Mls Provider:
Mls ID: #633738
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of NKMLS. Real estate listings held by IDX Brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Listing information is deemed reliable, but not guaranteed. Copyright 2025 Northern Kentucky Multiple Listing Service, Inc. All rights reserved.
