59 Shale LnRineyvilleKY40162
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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 Rineyville at 59 Shale Ln, Rineyville, KY, 40162 generates $860/mo in rent and, after a $538/mo payment, leaves $191/mo in cash flow. Total monthly income is $860/mo, and annual cash flow is $2,291/yr on $36,465 invested. Return on cash invested sits at 26.19% in year one, and rental yield is 9.38% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 136.37% and total cumulative return in cash sums $49,728. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $860/mo property income rather than buyer’s personal income.
Manufactured
Built in 2005
1.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40162, Rineyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,310 (100%) |
| Owner Occupied HU | 1,833 (79.4%) |
| Renter Occupied HU | 364 (15.8%) |
| Vacant Housing Units | 113 ( 4.9%) |
| Median Home Value | $272,074 |
| Average Home Value | $286,563 |
Housing Distribution
Address Breakdown
Residential
2,361
Single Family
2,361
Multi-Family
0
Businesses
57
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Listed by: Erika C Gudenkauf • RE/MAX Advantage +
Mls Name: GLARMLS
Mls ID: #1692387