3105 E Highway 146La GrangeKY40031
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 3105 E Highway 146, La Grange, KY, 40031 in La Grange is capital appreciation. Rental yield 4.67%. The 4.67% gross yield at $899,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $248,377 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.86) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $213,392.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.7% | 7.0% |
| Monthly Cash Flow | $(1,976) | $400 |
City averages based on La Grange market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,496 |
| Total Monthly Debt Service | $5,114 |
| DSCR Ratio | 0.68x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1973
10.20 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
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
Single Family
Built in 1973
10.20 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