Land 2405 Kendrick Ridge RdFrenchburgKY40322
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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 Frenchburg at Land 2405 Kendrick Ridge Rd, Frenchburg, KY, 40322 uses $41,438 cash to close to unlock $2,688/yr annual cash flow and $224/mo monthly cash flow. Total monthly income runs $985/mo, and a $612/mo payment keeps the spread at $224/mo. Purchase price stands at $125,000, and rental yield measures 9.46% with $985/mo rent. Return on cash invested shows 26.4% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 137.6% and total cumulative return in cash records $57,017. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $985/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in N/A
3.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40322, Frenchburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,566 (100%) |
| Owner Occupied HU | 994 (63.5%) |
| Renter Occupied HU | 348 (22.2%) |
| Vacant Housing Units | 224 (14.3%) |
| Median Home Value | $149,457 |
| Average Home Value | $141,517 |
Housing Distribution
Address Breakdown
Residential
1,388
Single Family
1,388
Multi-Family
0
Businesses
86
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Listed by: Lance Sims • EXIT REALTY CRUTCHER
Mls Name: EXIT Realty broker feed
Mls ID: #26001389