842 Artisan PkwyLa GrangeKY40031
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 La Grange at 842 Artisan Pkwy, La Grange, KY, 40031 priced at $465,000 converts $3,089/mo rent into $259/mo cash flow after a $2,276/mo obligation. Total monthly income equals $3,089/mo, and annual cash flow totals $3,106/yr on $154,148 invested. Return on cash invested prints 21.92% in year one, and rental yield reads 7.97% against a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation compiles into $128,471 by year five. Five-year ROI reaches 113.51% and total cumulative return in cash sums $174,971. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,089/mo property income covering a $2,276/mo payment, not borrower’s personal income.
Single Family
Built in 2021
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40031, La Grange, KY area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
8,597
Single Family
8,147
Multi-Family
450
Businesses
598
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