835 Garden Pointe DrSimpsonvilleKY40067
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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 Simpsonville at 835 Garden Pointe Dr, Simpsonville, KY, 40067 generates $1,607/mo in rent and, after a $1,072/mo payment, leaves $274/mo in cash flow. Total monthly income is $1,607/mo, and annual cash flow is $3,288/yr on $72,599 invested. Return on cash invested sits at 24.44% in year one, and rental yield is 8.81% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 127.06% and total cumulative return in cash sums $92,241. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,607/mo property income rather than buyer’s personal income.
Condo
Built in 2004
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: Debbie Forman • Forman, Jones & Associates REALTORS
Mls Name: GLARMLS
Mls ID: #1693232