411 Turnberry LnShelbyvilleKY40065
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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 Shelbyville at 411 Turnberry Ln, Shelbyville, KY, 40065 offers $1,906/mo rent that, after a $1,857/mo payment. Total monthly income is $1,906/mo. Return on cash invested measures 16.06% in year one, and rental yield stands at 6.03% at a $379,500 entry. Equity gained on principal adds $2,449/yr while 5% annual appreciation compounds into $104,849 by year five. Five-year ROI records 82.08% and total cumulative return in cash reaches $103,260. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,906/mo property income versus a $1,857/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40065, Shelbyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,740 (100%) |
| Owner Occupied HU | 8,833 (64.3%) |
| Renter Occupied HU | 4,231 (30.8%) |
| Vacant Housing Units | 676 ( 4.9%) |
| Median Home Value | $270,830 |
| Average Home Value | $326,328 |
Housing Distribution
Address Breakdown
Residential
13,320
Single Family
13,219
Multi-Family
101
Businesses
847
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Listed by: Julie Kinsolving • Coldwell Banker Larry Rogers
Mls Name: GLARMLS
Mls ID: #1703593