8808 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 8808 Michael Edward Dr, Louisville, KY, 40291 listed at $275,000 pairs $2,131/mo rent with a $1,346/mo payment to leave $457/mo cash flow. Total monthly income runs $2,131/mo, and annual cash flow reaches $5,487/yr on $91,163 cash to close. Return on cash invested measures 25.93% in year one, and rental yield registers 9.3% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 135.03% and total cumulative return in cash totals $123,095. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,131/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.25 Acres 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: Meagan Moremen • The Breland Group
Mls Name: GLARMLS
Mls ID: #1704494