538 1st StShelbyvilleKY40065
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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 538 1st St, Shelbyville, KY, 40065 generates $1,724/mo in rent and, after a $942/mo payment, leaves $553/mo in cash flow. Total monthly income is $1,724/mo, and annual cash flow is $6,631/yr on $63,814 invested. Return on cash invested sits at 30.3% in year one, and rental yield is 10.75% on a $192,500 entry. Equity gained on principal adds $1,242/yr, while 5% annual appreciation builds toward $53,184 over five years. Five-year ROI reaches 158.44% and total cumulative return in cash sums $101,105. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,724/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
8,712 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: Cory M Miller • Torrey Smith Realty Co., LLC
Mls Name: GLARMLS
Mls ID: #1706109