3213 Murray Hill PikeLouisvilleKY40241
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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 3213 Murray Hill Pike, Louisville, KY, 40241 generates $3,464/mo in rent and, after a $2,496/mo payment, leaves $360/mo in cash flow. Total monthly income is $3,464/mo, and annual cash flow is $4,324/yr on $167,757 invested. Return on cash invested sits at 22.64% in year one, and rental yield is 8.15% on a $509,900 entry. Equity gained on principal adds $3,290/yr, while 5% annual appreciation builds toward $140,876 over five years. Five-year ROI reaches 117.32% and total cumulative return in cash sums $196,820. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,464/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40241, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,271 (100%) |
| Owner Occupied HU | 9,141 (64.1%) |
| Renter Occupied HU | 4,044 (28.3%) |
| Vacant Housing Units | 1,086 ( 7.6%) |
| Median Home Value | $378,309 |
| Average Home Value | $415,550 |
Housing Distribution
Address Breakdown
Residential
14,216
Single Family
11,276
Multi-Family
2,940
Businesses
686
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Listed by: Michael P Jessee • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1694907