804 Garden Pointe Dr #804SimpsonvilleKY40067
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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 Simpsonville at 804 Garden Pointe Dr #804, Simpsonville, KY, 40067 uses $71,670 cash to close to unlock $2,788/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,548/mo, and a $1,058/mo payment keeps the spread at $232/mo. Purchase price stands at $216,200, and rental yield measures 8.59% with $1,548/mo rent. Return on cash invested shows 23.8% in year one, and 5% annual appreciation builds toward $59,732 over five years. Five-year ROI reaches 123.59% and total cumulative return in cash records $88,578. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,548/mo property income covering a $1,058/mo payment rather than investor’s personal income.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40067, Simpsonville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,340 (100%) |
| Owner Occupied HU | 1,900 (81.2%) |
| Renter Occupied HU | 334 (14.3%) |
| Vacant Housing Units | 106 ( 4.5%) |
| Median Home Value | $359,211 |
| Average Home Value | $491,426 |
Housing Distribution
Address Breakdown
Residential
2,240
Single Family
2,240
Multi-Family
0
Businesses
288
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Listed by: Melissa A Osborne • Osborne Realty Group
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1683988
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