1607 Herr LnGraymoor DevondaleKY40222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1607 Herr Ln, Graymoor Devondale, KY, 40222 earns $830/mo cash flow from $2,960/mo rent with a $1,713/mo payment. Total monthly income totals $2,960/mo, and annual cash flow totals $9,959/yr on $116,025 capital. ROI tracks 28.49% on current figures, and rental yield reads 10.15% at a $350,000 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,699 over five years. Five-year ROI reaches 148.74% and total cumulative return in cash sums $172,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,960/mo property income instead of your personal income.
Single Family
Built in 1955
0.32 Acres 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: Brad Long • 85W Real Estate
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1704167
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