Spruce Plan, Old HeritageShelbyvilleKY40065
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 Shelbyville at Spruce Plan, Old Heritage, Shelbyville, KY, 40065 priced at $316,990 converts $2,216/mo rent into $286/mo cash flow after a $1,552/mo obligation. Total monthly income equals $2,216/mo, and annual cash flow totals $3,435/yr on $105,082 invested. Return on cash invested prints 23.18% in year one, and rental yield reads 8.39% against a $316,990 entry. Equity gained on principal adds $2,045/yr, while 5% annual appreciation compiles into $87,578 by year five. Five-year ROI reaches 120.28% and total cumulative return in cash sums $126,390. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,216/mo property income covering a $1,552/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40065, Shelbyville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,740 (100%) |
| Owner Occupied HU | 8,833 (64.3%) |
| Renter Occupied HU | 4,231 (30.8%) |
| Vacant Housing Units | 676 ( 4.9%) |
| Median Home Value | $270,830 |
| Average Home Value | $326,328 |
Housing Distribution
Address Breakdown
Residential
13,320
Single Family
13,219
Multi-Family
101
Businesses
847
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Arbor Homes
Mls Name: Arbor Homes
Mls Provider:
Mls ID: #N/A