10401 Shelbyville RdBlue Ridge ManorKY40223
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 10401 Shelbyville Rd, Blue Ridge Manor, KY, 40223 in Blue Ridge Manor earns a 10.86% gross yield at $204,000. Rent of $1,846/mo nets $205/mo after the $917/mo mortgage. The 2.01 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $56,361 and $1,879/yr in equity accumulation project a total cumulative return of $116,176.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.9% | 7.0% |
| Monthly Cash Flow | $205 | $850 |
City averages based on Blue Ridge Manor market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,846 |
| Total Monthly Debt Service | $1,160 |
| DSCR Ratio | 1.59x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40223, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,146 (100%) |
| Owner Occupied HU | 6,920 (62.1%) |
| Renter Occupied HU | 3,358 (30.1%) |
| Vacant Housing Units | 868 ( 7.8%) |
| Median Home Value | $363,815 |
| Average Home Value | $409,810 |
Housing Distribution
Address Breakdown
Residential
11,122
Single Family
9,982
Multi-Family
1,140
Businesses
1,373
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
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40223, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,146 (100%) |
| Owner Occupied HU | 6,920 (62.1%) |
| Renter Occupied HU | 3,358 (30.1%) |
| Vacant Housing Units | 868 ( 7.8%) |
| Median Home Value | $363,815 |
| Average Home Value | $409,810 |
Housing Distribution
Address Breakdown
Residential
11,122
Single Family
9,982
Multi-Family
1,140
Businesses
1,373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marty A Mudd • The Breland Group
Mls Name: GLARMLS
Mls ID: #1707509