403 Reserves CtSimpsonvilleKY40067
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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
Rental property for sale in Simpsonville at 403 Reserves Ct, Simpsonville, KY, 40067 priced at $399,000 pairs $2,914/mo rent with $486/mo cash flow after a $1,953/mo payment. Total monthly income equals $2,914/mo, and annual cash flow comes to $5,826/yr on $132,269 invested. Return on cash invested is 24.31% in year one, and rental yield stands at 8.76% on a $399,000 basis. Equity gained on principal adds $2,575/yr, and 5% annual appreciation accumulates to $110,236 by year five. Five-year ROI measures 126.34% and total cumulative return in cash reaches $167,114. For financing, Ziffy Mortgage’s DSCR program evaluates $2,914/mo property income against a $1,953/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
0.28 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: Denise C Kiser • Torrey Smith Realty Co., LLC
Mls Name: GLARMLS
Mls ID: #1696608