6601 Mount Washington RdLouisvilleKY40229
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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 Louisville at 6601 Mount Washington Rd, Louisville, KY, 40229 priced at $599,900 converts $4,118/mo rent into $467/mo cash flow after a $2,936/mo obligation. Total monthly income equals $4,118/mo, and annual cash flow totals $5,605/yr on $197,367 invested. Return on cash invested prints 22.9% in year one, and rental yield reads 8.24% against a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation compiles into $165,741 by year five. Five-year ROI reaches 118.73% and total cumulative return in cash sums $234,328. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,118/mo property income covering a $2,936/mo payment, not borrower’s personal income.
Single Family
Built in 1987
4.94 Acres 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: Missy Platt • RE/MAX Results
Mls Name: GLARMLS
Mls ID: #1707777