501 Independence WayVine GroveKY40175
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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 Vine Grove at 501 Independence Way, Vine Grove, KY, 40175 priced at $340,000 pairs $2,156/mo rent with $87/mo cash flow after a $1,664/mo payment. Total monthly income equals $2,156/mo, and annual cash flow comes to $1,042/yr on $112,710 invested. Return on cash invested is 20.83% in year one, and rental yield stands at 7.61% on a $340,000 basis. Equity gained on principal adds $2,194/yr, and 5% annual appreciation accumulates to $93,936 by year five. Five-year ROI measures 107.66% and total cumulative return in cash reaches $121,338. For financing, Ziffy Mortgage’s DSCR program evaluates $2,156/mo property income against a $1,664/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40175, Vine Grove, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,637 (100%) |
| Owner Occupied HU | 4,713 (71.0%) |
| Renter Occupied HU | 1,418 (21.4%) |
| Vacant Housing Units | 506 ( 7.6%) |
| Median Home Value | $257,249 |
| Average Home Value | $269,255 |
Housing Distribution
Address Breakdown
Residential
6,160
Single Family
6,160
Multi-Family
0
Businesses
170
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Listed by: Penny Cartwright • Platinum Home Realty
Mls Name: GLARMLS
Mls ID: #1706119