2907 Garey LnShivelyKY40216
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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 Shively at 2907 Garey Ln, Shively, KY, 40216 uses $48,366 cash to close to unlock $2,642/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $1,108/mo, and a $714/mo payment keeps the spread at $220/mo. Purchase price stands at $145,900, and rental yield measures 9.11% with $1,108/mo rent. Return on cash invested shows 25.37% in year one, and 5% annual appreciation builds toward $40,309 over five years. Five-year ROI reaches 132.07% and total cumulative return in cash records $63,879. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,108/mo property income covering a $714/mo payment rather than investor’s personal income.
Single Family
Built in 1952
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40216, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,542 (100%) |
| Owner Occupied HU | 10,986 (59.2%) |
| Renter Occupied HU | 6,272 (33.8%) |
| Vacant Housing Units | 1,284 ( 6.9%) |
| Median Home Value | $180,204 |
| Average Home Value | $262,204 |
Housing Distribution
Address Breakdown
Residential
18,869
Single Family
16,977
Multi-Family
1,892
Businesses
930
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