109 Shelby Pointe DrBlue Ridge ManorKY40223
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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 Blue Ridge Manor at 109 Shelby Pointe Dr, Blue Ridge Manor, KY, 40223 offers a 11.23% rental yield on a $249,900 purchase with $2,338/mo rent. Total monthly income registers $2,338/mo, and a $1,223/mo payment leaves $817/mo available for distribution. Annual cash flow reaches $9,806/yr on $82,842 to close, and return on cash invested stands at 31.75% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,043 over five years. Portfolio math shows five-year ROI at 166.24% and total cumulative return in cash at $137,714. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,338/mo property income against a $1,223/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1984
2,613 sqft 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
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Listed by: Jay Pitts • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1705520