516 Plainview AveShelbyvilleKY40065
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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 516 Plainview Ave, Shelbyville, KY, 40065 priced at $271,900 converts $2,485/mo rent into $830/mo cash flow after a $1,331/mo obligation. Total monthly income equals $2,485/mo, and annual cash flow totals $9,960/yr on $90,135 invested. Return on cash invested prints 30.96% in year one, and rental yield reads 10.97% against a $271,900 entry. Equity gained on principal adds $1,755/yr, while 5% annual appreciation compiles into $75,121 by year five. Five-year ROI reaches 161.95% and total cumulative return in cash sums $145,978. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,485/mo property income covering a $1,331/mo payment, not borrower’s personal income.
Single Family
Built in 1921
5,227 sqft 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: Nick E Novak • Knob & Key Realty, LLC
Mls Name: GLARMLS
Mls ID: #1706557