2428 Cherry Creek RdLa GrangeKY40031
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 La Grange at 2428 Cherry Creek Rd, La Grange, KY, 40031 with 5% annual appreciation on a $449,900 basis while $3,484/mo rent supports operations. Total monthly income totals $3,484/mo and a $2,202/mo payment preserves $746/mo for cash returns. Annual cash flow comes to $8,950/yr on $149,142 deployed, and return on cash invested reaches 25.91% in year one. Equity gained on principal adds $2,903/yr, and five-year appreciation sums $124,299 alongside rental yield of 9.29%. Five-year ROI measures 134.88% and total cumulative return in cash totals $201,166.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,484/mo property income versus a $2,202/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2016
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40031, La Grange, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,632 (100%) |
| Owner Occupied HU | 6,669 (77.3%) |
| Renter Occupied HU | 1,593 (18.5%) |
| Vacant Housing Units | 370 ( 4.3%) |
| Median Home Value | $331,694 |
| Average Home Value | $355,532 |
Housing Distribution
Address Breakdown
Residential
8,597
Single Family
8,147
Multi-Family
450
Businesses
598
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices