866 Ridgeview DrFrankfortKY40601
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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
Rental property for sale in Frankfort at 866 Ridgeview Dr, Frankfort, KY, 40601 priced at $299,500 converts $1,303/mo rent into after a $1,466/mo obligation. Total monthly income equals $1,303/mo. Return on cash invested prints 13.63% in year one, and rental yield reads 5.22% against a $299,500 entry. Equity gained on principal adds $1,933/yr, while 5% annual appreciation compiles into $82,746 by year five. Five-year ROI reaches 69.06% and total cumulative return in cash sums $68,567. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,303/mo property income covering a $1,466/mo payment, not borrower’s personal income.
Single Family
Built in 1992
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40601, Frankfort, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,967 (100%) |
| Owner Occupied HU | 14,825 (59.4%) |
| Renter Occupied HU | 8,031 (32.2%) |
| Vacant Housing Units | 2,111 ( 8.5%) |
| Median Home Value | $224,481 |
| Average Home Value | $274,145 |
Housing Distribution
Address Breakdown
Residential
23,301
Single Family
21,458
Multi-Family
1,843
Businesses
1,722
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Listed by: Lisa M Johnson • United Real Estate Louisville
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1675036
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