9508 Norton Commons Blvd UNIT 102ProspectKY40059
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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 Prospect at 9508 Norton Commons Blvd UNIT 102, Prospect, KY, 40059 uses $158,457 cash to close to unlock $2,497/yr annual cash flow and $208/mo monthly cash flow. Total monthly income runs $3,187/mo, and a $2,340/mo payment keeps the spread at $208/mo. Purchase price stands at $478,000, and rental yield measures 8% with $3,187/mo rent. Return on cash invested shows 21.48% in year one, and 5% annual appreciation builds toward $132,063 over five years. Five-year ROI reaches 111.37% and total cumulative return in cash records $176,473. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,187/mo property income covering a $2,340/mo payment rather than investor’s personal income.
Condo
Built in 2006
N/A lot
$N/A/sqft
$832 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40059, Prospect, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,660 (100%) |
| Owner Occupied HU | 6,922 (79.9%) |
| Renter Occupied HU | 1,111 (12.8%) |
| Vacant Housing Units | 627 ( 7.2%) |
| Median Home Value | $575,166 |
| Average Home Value | $626,621 |
Housing Distribution
Address Breakdown
Residential
8,880
Single Family
7,686
Multi-Family
1,194
Businesses
581
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Listed by: Adam Willis • Keller Williams Louisville East
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1692097
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