8460 Rabbit Ridge RdProvidenceKY42450
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Providence at 8460 Rabbit Ridge Rd, Providence, KY, 42450 listed at $265,000 pairs $1,886/mo rent with a $1,297/mo payment to leave $273/mo cash flow. Total monthly income runs $1,886/mo, and annual cash flow reaches $3,279/yr on $87,848 cash to close. Return on cash invested measures 23.64% in year one, and rental yield registers 8.54% at a $265,000 basis. Equity gained on principal adds $1,710/yr, and annual property appreciation at 5% supports $73,215 by year five. Five-year ROI tracks 122.75% and total cumulative return in cash totals $107,835. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,886/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
2.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42450, Providence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,893 (100%) |
| Owner Occupied HU | 1,137 (60.1%) |
| Renter Occupied HU | 452 (23.9%) |
| Vacant Housing Units | 304 (16.1%) |
| Median Home Value | $75,879 |
| Average Home Value | $135,204 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,780
Multi-Family
26
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhonda Yates • Tradewater Realty
Mls Name: MHCBOR
Mls ID: #117471