515 N Watterson TrlDouglass 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 515 N Watterson Trl, Douglass Hills, KY, 40243 offers $2,759/mo rent that, after a $1,762/mo payment, leaves $568/mo cash flow. Total monthly income is $2,759/mo, and annual cash flow is $6,817/yr on $119,323 cash. Return on cash invested measures 25.62% in year one, and rental yield stands at 9.2% at a $359,950 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,448 by year five. Five-year ROI records 133.39% and total cumulative return in cash reaches $159,162. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,759/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.35 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: Steve Canfield • Canfield Realty Group, LLC
Mls Name: GLARMLS
Mls ID: #1707345