10875 Griststone CirIndependenceKY41051
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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 Independence at 10875 Griststone Cir, Independence, KY, 41051 offers a 5.89% rental yield on a $619,000 purchase with $3,036/mo rent. 56% in year one. Equity gained on principal adds $3,994/yr while 5% annual appreciation supports $171,018 over five years. Portfolio math shows five-year ROI at 79.46% and total cumulative return in cash at $161,821. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,036/mo property income against a $3,030/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.36 Acres lot
$N/A/sqft
$375 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41051, Independence, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,467 (100%) |
| Owner Occupied HU | 9,379 (81.8%) |
| Renter Occupied HU | 1,783 (15.5%) |
| Vacant Housing Units | 305 ( 2.7%) |
| Median Home Value | $266,323 |
| Average Home Value | $300,312 |
Housing Distribution
Address Breakdown
Residential
11,820
Single Family
11,350
Multi-Family
470
Businesses
356
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Listed by: Cindy Cahill • Cahill Real Estate Services
Mls Name: NKMLS
Mls Provider:
Mls ID: #627132
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