5911 Midnight LnLouisvilleKY40229
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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 5911 Midnight Ln, Louisville, KY, 40229 earns $717/mo cash flow from $2,147/mo rent with a $1,150/mo payment. Total monthly income totals $2,147/mo, and annual cash flow totals $8,605/yr on $77,869 capital. ROI tracks 30.96% on current figures, and rental yield reads 10.97% at a $234,900 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,899 over five years. Five-year ROI reaches 162.02% and total cumulative return in cash sums $126,165. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,147/mo property income instead of your personal income.
Single Family
Built in 1989
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Jake Kittle • Real Estate Go To
Mls Name: GLARMLS
Mls ID: #1706983