5552 Forest Lake DrProspectKY40059
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Prospect at 5552 Forest Lake Dr, Prospect, KY, 40059 priced at $257,500 pairs $1,830/mo rent with $263/mo cash flow after a $1,260/mo payment. Total monthly income equals $1,830/mo, and annual cash flow comes to $3,158/yr on $85,361 invested. Return on cash invested is 23.61% in year one, and rental yield stands at 8.53% on a $257,500 basis. Equity gained on principal adds $1,662/yr, and 5% annual appreciation accumulates to $71,143 by year five. Five-year ROI measures 122.59% and total cumulative return in cash reaches $104,641. For financing, Ziffy Mortgage’s DSCR program evaluates $1,830/mo property income against a $1,260/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40059, Prospect, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,660 (100%) |
| Owner Occupied HU | 6,922 (79.9%) |
| Renter Occupied HU | 1,111 (12.8%) |
| Vacant Housing Units | 627 ( 7.2%) |
| Median Home Value | $575,166 |
| Average Home Value | $626,621 |
Housing Distribution
Address Breakdown
Residential
8,880
Single Family
7,686
Multi-Family
1,194
Businesses
581
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Listed by: Maggie N Terry • Keller Williams Louisville East
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1682110
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