3701 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 3701 Hurstbourne Ridge Blvd, Louisville, KY, 40299 listed at $247,500 pairs $1,694/mo rent with a $1,211/mo payment to leave $188/mo cash flow. Total monthly income runs $1,694/mo, and annual cash flow reaches $2,257/yr on $82,046 cash to close. Return on cash invested measures 22.66% in year one, and rental yield registers 8.21% at a $247,500 basis. Equity gained on principal adds $1,597/yr, and annual property appreciation at 5% supports $68,380 by year five. Five-year ROI tracks 117.51% and total cumulative return in cash totals $96,413. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,694/mo property income relative to a $1,211/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
1,306 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: Jessica Gaines • Louisville Gaines Real Estate
Mls Name: GLARMLS
Mls ID: #1706559