502 Hillrose 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 502 Hillrose Dr, Douglass Hills, KY, 40243 priced at $399,000 converts $2,849/mo rent into $421/mo cash flow after a $1,953/mo obligation. Total monthly income equals $2,849/mo, and annual cash flow totals $5,046/yr on $132,269 invested. Return on cash invested prints 23.72% in year one, and rental yield reads 8.57% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 123.18% and total cumulative return in cash sums $162,926. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,849/mo property income covering a $1,953/mo payment, not borrower’s personal income.
Single Family
Built in 1977
9,583 sqft 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: Danielle Baise • White Picket Real Estate
Mls Name: GLARMLS
Mls ID: #1707989