4707 Spen Lea RdShivelyKY40216
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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 4707 Spen Lea Rd, Shively, KY, 40216 uses $84,533 cash to close to unlock $3,457/yr annual cash flow and $288/mo monthly cash flow. Total monthly income runs $1,840/mo, and a $1,248/mo payment keeps the spread at $288/mo. Purchase price stands at $255,000, and rental yield measures 8.66% with $1,840/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 124.68% and total cumulative return in cash records $105,392. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,840/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.37 Acres 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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