291 Overlook RdLouisvilleKY40229
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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 Louisville at 291 Overlook Rd, Louisville, KY, 40229 with 5% annual appreciation on a $265,000 basis while $1,973/mo rent supports operations. Total monthly income totals $1,973/mo and a $1,297/mo payment preserves $360/mo for cash returns. Annual cash flow comes to $4,323/yr on $87,848 deployed, and return on cash invested reaches 24.83% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 8.93%. Five-year ROI measures 129.15% and total cumulative return in cash totals $113,451.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,973/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1964
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Marlenes Torres Benitez • Home Link Realtor
Mls Name: GLARMLS
Mls ID: #1705949