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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lagrange at 601 Colonial Ct APT A, Lagrange, KY, 40031 offers $1,568/mo rent that, after a $1,052/mo payment, leaves $110/mo cash flow. Total monthly income is $1,568/mo, and annual cash flow is $1,319/yr on $71,239 cash. Return on cash invested measures 21.76% in year one, and rental yield stands at 8.76% at a $214,900 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,373 by year five. Five-year ROI records 113.54% and total cumulative return in cash reaches $80,886. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,568/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
$1,800 annually HOA
Neighborhood data shown for ZIP Code: 40031, La Grange, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,632 (100%) |
| Owner Occupied HU | 6,669 (77.3%) |
| Renter Occupied HU | 1,593 (18.5%) |
| Vacant Housing Units | 370 ( 4.3%) |
| Median Home Value | $331,694 |
| Average Home Value | $355,532 |
Residential
8,597
Single Family
8,147
Multi-Family
450
Businesses
598
Date | Event | Price |
|---|---|---|
| 2025-06-25 | Listed for sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-06-25 | $907.69 | 0.91% | $110,000 | N/A |
| 2019-06-25 | $899.49 | -2.30% | $110,000 | N/A |
| 2018-06-25 | $920.67 | 10.29% | $110,000 | N/A |
Listed by: Betty L Rodgers • Weichert Realtors-H. Barry Smith Co.
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1690691
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