113 Nora AveShelbyvilleKY40065
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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 Shelbyville at 113 Nora Ave, Shelbyville, KY, 40065 generates $1,433/mo in rent and, after a $978/mo payment, leaves $217/mo in cash flow. Total monthly income is $1,433/mo, and annual cash flow is $2,601/yr on $66,267 invested. Return on cash invested sits at 23.83% in year one, and rental yield is 8.6% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash sums $82,009. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,433/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40065, Shelbyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,740 (100%) |
| Owner Occupied HU | 8,833 (64.3%) |
| Renter Occupied HU | 4,231 (30.8%) |
| Vacant Housing Units | 676 ( 4.9%) |
| Median Home Value | $270,830 |
| Average Home Value | $326,328 |
Housing Distribution
Address Breakdown
Residential
13,320
Single Family
13,219
Multi-Family
101
Businesses
847
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Listed by: Margo Whisman • Weichert Realtors-H. Barry Smith Co.
Mls Name: GLARMLS
Mls ID: #1691183