108 Evergreen RdMiddletownKY40243
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 Middletown at 108 Evergreen Rd, Middletown, KY, 40243 priced at $229,000 converts $2,287/mo rent into $893/mo cash flow after a $1,121/mo obligation. Total monthly income equals $2,287/mo, and annual cash flow totals $10,717/yr on $75,914 invested. Return on cash invested prints 34.03% in year one, and rental yield reads 11.98% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 178.47% and total cumulative return in cash sums $135,485. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,287/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1905
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40243, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,312 (100%) |
| Owner Occupied HU | 3,776 (59.8%) |
| Renter Occupied HU | 1,979 (31.4%) |
| Vacant Housing Units | 557 ( 8.8%) |
| Median Home Value | $350,139 |
| Average Home Value | $364,129 |
Housing Distribution
Address Breakdown
Residential
6,074
Single Family
4,932
Multi-Family
1,142
Businesses
692
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Listed by: Jessica Gaines • Louisville Gaines Real Estate
Mls Name: GLARMLS
Mls ID: #1693313