8790 Lagrange RdSmithfieldKY40068
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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 Smithfield at 8790 Lagrange Rd, Smithfield, KY, 40068 generates $3,193/mo in rent, after a $3,255/mo payment. Total monthly income is $3,193/mo. Return on cash invested sits at 15.37% in year one, and rental yield is 5.76% on a $665,000 entry. Equity gained on principal adds $4,291/yr, while 5% annual appreciation builds toward $183,727 over five years. Five-year ROI reaches 78.35% and total cumulative return in cash sums $171,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,193/mo property income rather than buyer’s personal income.
Single Family
Built in 1998
4.97 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40068, Smithfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 831 (84.4%) |
| Renter Occupied HU | 102 (10.4%) |
| Vacant Housing Units | 52 ( 5.3%) |
| Median Home Value | $319,163 |
| Average Home Value | $336,652 |
Housing Distribution
Address Breakdown
Residential
1,042
Single Family
1,042
Multi-Family
0
Businesses
30
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Listed by: Patrick Pollard • Pollard Realty
Mls Name: GLARMLS
Mls ID: #1705510