3624 Hurstbourne Ridge BlvdLouisvilleKY40299
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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 3624 Hurstbourne Ridge Blvd, Louisville, KY, 40299 offers a 9.79% rental yield on a $260,000 purchase with $2,122/mo rent. Total monthly income registers $2,122/mo, and a $1,273/mo payment leaves $539/mo available for distribution. Annual cash flow reaches $6,470/yr on $86,190 to close, and return on cash invested stands at 27.42% in year one. Equity gained on principal adds $1,678/yr while 5% annual appreciation supports $71,833 over five years. Portfolio math shows five-year ROI at 143.01% and total cumulative return in cash at $123,257. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,122/mo property income against a $1,273/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1993
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40299, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,393 (100%) |
| Owner Occupied HU | 13,111 (71.3%) |
| Renter Occupied HU | 4,380 (23.8%) |
| Vacant Housing Units | 902 ( 4.9%) |
| Median Home Value | $321,716 |
| Average Home Value | $359,747 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
17,249
Multi-Family
2,129
Businesses
1,730
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Listed by: Ray Ghayoumi • Key Realty, LLC
Mls Name: GLARMLS
Mls ID: #1703974