6963 Hempridge RdShelbyvilleKY40065
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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
Investment property for sale in Shelbyville at 6963 Hempridge Rd, Shelbyville, KY, 40065 uses $122,324 cash to close to unlock $8,055/yr annual cash flow and $671/mo monthly cash flow. Total monthly income runs $2,917/mo, and a $1,806/mo payment keeps the spread at $671/mo. Purchase price stands at $369,000, and rental yield measures 9.49% with $2,917/mo rent. Return on cash invested shows 26.49% in year one, and 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 138.04% and total cumulative return in cash records $168,855. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,917/mo property income covering a $1,806/mo payment rather than investor’s personal income.
Single Family
Built in 1953
5.28 Acres 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: Larry K Rogers • Coldwell Banker Larry Rogers
Mls Name: GLARMLS
Mls ID: #1705247