1202 Pickings Pl Unit 204MiddletownKY40243
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 Middletown at 1202 Pickings Pl Unit 204, Middletown, KY, 40243 uses $71,273 cash to close to unlock $6,045/yr annual cash flow and $504/mo monthly cash flow. Total monthly income runs $1,812/mo, and a $1,052/mo payment keeps the spread at $504/mo. Purchase price stands at $215,000, and rental yield measures 10.11% with $1,812/mo rent. Return on cash invested shows 28.39% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 148.18% and total cumulative return in cash records $105,613. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,812/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Condo
Built in 2000
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lauren Arnwine • Covenant Realty LLC
Mls Name: GLARMLS
Mls ID: #1707982