602 Nottingham PkwyHurstbourneKY40222
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hurstbourne at 602 Nottingham Pkwy, Hurstbourne, KY, 40222 at $415,000 posts ROI 23.8% with $446/mo cash flow from $2,972/mo rent. Total monthly income equals $2,972/mo, and annual cash flow records $5,358/yr on $137,573 to close. Return on cash invested measures 23.8% and rental yield reads 8.59% at the current $415,000. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 by year five. Five-year ROI prints 123.6% and total cumulative return in cash totals $170,037.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,972/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40222, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,747 (100%) |
| Owner Occupied HU | 6,400 (54.5%) |
| Renter Occupied HU | 4,377 (37.3%) |
| Vacant Housing Units | 970 ( 8.3%) |
| Median Home Value | $379,410 |
| Average Home Value | $472,615 |
Housing Distribution
Address Breakdown
Residential
11,380
Single Family
8,068
Multi-Family
3,312
Businesses
1,245
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Ohlmann • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1693455