122 Middletown SqLouisvilleKY40243
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 Louisville at 122 Middletown Sq, Louisville, KY, 40243 offers $1,161/mo rent that, after a $710/mo payment, leaves $278/mo cash flow. Total monthly income is $1,161/mo, and annual cash flow is $3,339/yr on $48,068 cash. Return on cash invested measures 26.85% in year one, and rental yield stands at 9.61% at a $145,000 entry. Equity gained on principal adds $936/yr while 5% annual appreciation compounds into $40,061 by year five. Five-year ROI records 140.04% and total cumulative return in cash reaches $67,316. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,161/mo property income versus a $710/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1971
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
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Listed by: Sarah Weber • Keller Williams Collective
Mls Name: GLARMLS
Mls ID: #1704652