1605 Carlimar LnGraymoor DevondaleKY40222
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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 Graymoor Devondale at 1605 Carlimar Ln, Graymoor Devondale, KY, 40222 listed at $323,000 pairs $2,825/mo rent with a $1,581/mo payment to leave $859/mo cash flow. Total monthly income runs $2,825/mo, and annual cash flow reaches $10,309/yr on $107,075 cash to close. Return on cash invested measures 29.54% in year one, and rental yield registers 10.5% at a $323,000 basis. Equity gained on principal adds $2,084/yr, and annual property appreciation at 5% supports $89,239 by year five. Five-year ROI tracks 154.38% and total cumulative return in cash totals $165,297. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,825/mo property income relative to a $1,581/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40222, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,747 (100%) |
| Owner Occupied HU | 6,400 (54.5%) |
| Renter Occupied HU | 4,377 (37.3%) |
| Vacant Housing Units | 970 ( 8.3%) |
| Median Home Value | $379,410 |
| Average Home Value | $472,615 |
Housing Distribution
Address Breakdown
Residential
11,380
Single Family
8,068
Multi-Family
3,312
Businesses
1,245
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Listed by: Kyle Elmore • White Picket Real Estate
Mls Name: GLARMLS
Mls ID: #1692114