1308 Chestnut StShelbyvilleKY40065
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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 Shelbyville at 1308 Chestnut St, Shelbyville, KY, 40065 offers a 11.22% rental yield on a $199,500 purchase with $1,866/mo rent. Total monthly income registers $1,866/mo, and a $976/mo payment leaves $652/mo available for distribution. Annual cash flow reaches $7,827/yr on $66,134 to close, and return on cash invested stands at 31.74% in year one. Equity gained on principal adds $1,287/yr while 5% annual appreciation supports $55,118 over five years. Portfolio math shows five-year ROI at 166.22% and total cumulative return in cash at $109,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,866/mo property income against a $976/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
8,276 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: Eva Bentley • Weichert Realtors-H. Barry Smith Co.
Mls Name: GLARMLS
Mls ID: #1706271