8 W Ridge Pl, Newport, KY, 41071 | $193/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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8 W Ridge Pl, Newport, KY, 41071 | $193/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newport at 8 W Ridge Pl, Newport, KY, 41071 offers a 8.41% rental yield on a $209,000 purchase with $1,465/mo rent. Total monthly income registers $1,465/mo, and a $1,023/mo payment leaves $193/mo available for distribution. Annual cash flow reaches $2,315/yr on $69,284 to close, and return on cash invested stands at 23.25% in year one. Equity gained on principal adds $1,349/yr while 5% annual appreciation supports $57,743 over five years. Portfolio math shows five-year ROI at 120.6% and total cumulative return in cash at $83,558. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,465/mo property income against a $1,023/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1953

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 3-bedroom, 1-bath home with additional flex space for an office, set on a quiet street with a private, wooded backyard. Bright and cheerful with neutral tones, hardwood floors and lots of natural light throughout. The welcoming living room features wainscoting and a large picture window that adds warmth and character. The walk-out kitchen includes an island with seating and extra storage. Two cozy bedrooms are on the first floor, with a third spacious bedroom upstairs and a flex space ideal for an office, hobby room or computer room. Relax or entertain outdoors on the deck overlooking the peaceful wooded backdrop. Recent updates: Roof (2023), HVAC & Air (2023), Hot Water Heater (2023), Electric & Panel (2023), Four New Windows and Front Door (2025), and Fresh Paint throughout (2025). Basement offers a walk-out and full bath rough-in for future finishing. Convenient to shopping, restaurants, and highways a great value in a desirable location!

Neighborhood Data

Neighborhood data shown for ZIP Code: 41071, Newport, KY area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,761 (100%)
Owner Occupied HU	4,704 (43.7%)
Renter Occupied HU	4,954 (46.0%)
Vacant Housing Units	1,103 (10.2%)
Median Home Value	$260,721
Average Home Value	$296,826