212 Lake Shore DrSimpsonvilleKY40067
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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 Simpsonville at 212 Lake Shore Dr, Simpsonville, KY, 40067 offers a 4.69% rental yield on a $595,000 purchase with $2,326/mo rent. 12% in year one. Equity gained on principal adds $3,839/yr while 5% annual appreciation supports $164,388 over five years. Portfolio math shows five-year ROI at 60.9% and total cumulative return in cash at $119,222. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,326/mo property income against a $2,912/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
12.09 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40067, Simpsonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,340 (100%) |
| Owner Occupied HU | 1,900 (81.2%) |
| Renter Occupied HU | 334 (14.3%) |
| Vacant Housing Units | 106 ( 4.5%) |
| Median Home Value | $359,211 |
| Average Home Value | $491,426 |
Housing Distribution
Address Breakdown
Residential
2,240
Single Family
2,240
Multi-Family
0
Businesses
288
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Listed by: Lindsey Gividen • KY Homes and Farms Real Estate
Mls Name: GLARMLS
Mls ID: #1693522