8609 Michael Edward DrLouisvilleKY40291
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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 8609 Michael Edward Dr, Louisville, KY, 40291 uses $82,875 cash to close to unlock $5,641/yr annual cash flow and $470/mo monthly cash flow. Total monthly income runs $1,992/mo, and a $1,224/mo payment keeps the spread at $470/mo. Purchase price stands at $250,000, and rental yield measures 9.56% with $1,992/mo rent. Return on cash invested shows 26.72% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 139.28% and total cumulative return in cash records $115,426. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,992/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1976
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40291, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,491 (100%) |
| Owner Occupied HU | 12,581 (71.9%) |
| Renter Occupied HU | 3,939 (22.5%) |
| Vacant Housing Units | 971 ( 5.6%) |
| Median Home Value | $291,535 |
| Average Home Value | $322,862 |
Housing Distribution
Address Breakdown
Residential
17,713
Single Family
16,933
Multi-Family
780
Businesses
639
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Listed by: Annette E Childers • Gemini REALTORS, Inc.
Mls Name: GLARMLS
Mls ID: #1696437