113 S Madison AveMiddletownKY40243
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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 Middletown at 113 S Madison Ave, Middletown, KY, 40243 uses $76,245 cash to close to unlock $3,059/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $1,126/mo payment keeps the spread at $255/mo. Purchase price stands at $230,000, and rental yield measures 8.63% with $1,655/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 124.22% and total cumulative return in cash records $94,711. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1939
8,712 sqft 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: Andy M Wolf • EXP Realty LLC
Mls Name: GLARMLS
Mls ID: #1705467