8302 Bellis WayLyndonKY40242
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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 Lyndon at 8302 Bellis Way, Lyndon, KY, 40242 generates $2,381/mo in rent and, after a $1,463/mo payment, leaves $183/mo in cash flow. Total monthly income is $2,381/mo, and annual cash flow is $2,200/yr on $99,119 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 9.56% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 116.3% and total cumulative return in cash sums $115,270. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,381/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$4,540 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40242, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,845 (100%) |
| Owner Occupied HU | 3,167 (65.4%) |
| Renter Occupied HU | 1,400 (28.9%) |
| Vacant Housing Units | 278 ( 5.7%) |
| Median Home Value | $321,517 |
| Average Home Value | $332,004 |
Housing Distribution
Address Breakdown
Residential
4,805
Single Family
4,204
Multi-Family
601
Businesses
116
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Listed by: Joy Hogan • Coldwell Banker McMahan
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1689961
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