508 Fenley AveLyndonKY40222
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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 Lyndon at 508 Fenley Ave, Lyndon, KY, 40222 priced at $329,900 converts $2,293/mo rent into $285/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,293/mo, and annual cash flow totals $3,418/yr on $109,362 invested. Return on cash invested prints 23.03% in year one, and rental yield reads 8.34% against a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,145 by year five. Five-year ROI reaches 119.45% and total cumulative return in cash sums $130,635. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,293/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1960
7,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40222, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,747 (100%) |
| Owner Occupied HU | 6,400 (54.5%) |
| Renter Occupied HU | 4,377 (37.3%) |
| Vacant Housing Units | 970 ( 8.3%) |
| Median Home Value | $379,410 |
| Average Home Value | $472,615 |
Housing Distribution
Address Breakdown
Residential
11,380
Single Family
8,068
Multi-Family
3,312
Businesses
1,245
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