203 Middletown SqLouisvilleKY40243
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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
Rental property for sale in Louisville at 203 Middletown Sq, Louisville, KY, 40243 generates $824/mo in rent and, after a $524/mo payment, leaves $172/mo in cash flow. Total monthly income is $824/mo, and annual cash flow is $2,070/yr on $35,471 invested. Return on cash invested sits at 25.74% in year one, and rental yield is 9.24% on a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 134.12% and total cumulative return in cash sums $47,574. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $824/mo property income rather than buyer’s personal income.
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: Zach Wedding • Six Degrees Real Estate, LLC
Mls Name: GLARMLS
Mls ID: #1695574