Magnolia Plan, Summit ParksLa 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
Investment property for sale in La Grange at Magnolia Plan, Summit Parks, La Grange, KY, 40031 offers a 8.17% rental yield on a $404,990 purchase with $2,758/mo rent. Total monthly income registers $2,758/mo, and a $1,982/mo payment leaves $293/mo available for distribution. Annual cash flow reaches $3,521/yr on $134,254 to close, and return on cash invested stands at 22.53% in year one. Equity gained on principal adds $2,613/yr while 5% annual appreciation supports $111,891 over five years. Portfolio math shows five-year ROI at 116.79% and total cumulative return in cash at $156,790. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,758/mo property income against a $1,982/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
N/A 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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