5018 Merton SqLouisvilleKY40241
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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 5018 Merton Sq, Louisville, KY, 40241 uses $100,610 cash to close to unlock $10,036/yr annual cash flow and $836/mo monthly cash flow. Total monthly income runs $2,683/mo, and a $1,485/mo payment keeps the spread at $836/mo. Purchase price stands at $303,500, and rental yield measures 10.61% with $2,683/mo rent. Return on cash invested shows 29.88% in year one, and 5% annual appreciation builds toward $83,851 over five years. Five-year ROI reaches 156.23% and total cumulative return in cash records $157,183. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,683/mo property income covering a $1,485/mo payment rather than investor’s personal income.
Townhouse
Built in 2001
N/A 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: Nikki S Farris • Forman, Jones & Associates REALTORS
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1692399
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