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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Rolling Hills at 2835 Goose Creek Rd APT 3, Rolling Hills, KY, 40242 generates $1,004/mo in rent and, after a $649/mo payment, leaves $197/mo in cash flow. Total monthly income is $1,004/mo, and annual cash flow is $2,365/yr on $43,924 invested. Return on cash invested sits at 25.29% in year one, and rental yield is 9.09% on a $132,500 entry. Equity gained on principal adds $855/yr, while 5% annual appreciation builds toward $36,607 over five years. Five-year ROI reaches 131.7% and total cumulative return in cash sums $57,848. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,004/mo property income rather than buyer’s personal income.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 40242, Louisville, KY area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,845 (100%) |
| Owner Occupied HU | 3,167 (65.4%) |
| Renter Occupied HU | 1,400 (28.9%) |
| Vacant Housing Units | 278 ( 5.7%) |
| Median Home Value | $321,517 |
| Average Home Value | $332,004 |
Residential
4,805
Single Family
4,204
Multi-Family
601
Businesses
116
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $132,500 |
| 2019-05-14 | Sold | $85,500 |
| 2019-04-01 | Pending sale | $89,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2020-03-15 | $989.24 | N/A | $85,500 | 11.18% |
| 2019-03-15 | $989.24 | 14.80% | $76,900 | N/A |
| 2018-03-15 | $861.67 | N/A | $76,900 | 11.45% |
Listed by: Wendy Watson • Homepage Realty
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1681844
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