400 Cherry Point DrDouglass HillsKY40243
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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 Douglass Hills at 400 Cherry Point Dr, Douglass Hills, KY, 40243 priced at $368,000 pairs $2,924/mo rent with $684/mo cash flow after a $1,801/mo payment. Total monthly income equals $2,924/mo, and annual cash flow comes to $8,214/yr on $121,992 invested. Return on cash invested is 26.64% in year one, and rental yield stands at 9.53% on a $368,000 basis. Equity gained on principal adds $2,375/yr, and 5% annual appreciation accumulates to $101,672 by year five. Five-year ROI measures 138.82% and total cumulative return in cash reaches $169,345. For financing, Ziffy Mortgage’s DSCR program evaluates $2,924/mo property income against a $1,801/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40243, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,312 (100%) |
| Owner Occupied HU | 3,776 (59.8%) |
| Renter Occupied HU | 1,979 (31.4%) |
| Vacant Housing Units | 557 ( 8.8%) |
| Median Home Value | $350,139 |
| Average Home Value | $364,129 |
Housing Distribution
Address Breakdown
Residential
6,074
Single Family
4,932
Multi-Family
1,142
Businesses
692
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Listed by: David W Huber • Real Estate Unlimited
Mls Name: GLARMLS
Mls ID: #1702410