900 Ridge Point DrLouisvilleKY40299
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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 900 Ridge Point Dr, Louisville, KY, 40299 generates $2,458/mo in rent and, after a $1,835/mo payment, leaves $176/mo in cash flow. Total monthly income is $2,458/mo, and annual cash flow is $2,113/yr on $124,313 invested. Return on cash invested sits at 21.61% in year one, and rental yield is 7.87% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 111.85% and total cumulative return in cash sums $139,047. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,458/mo property income rather than buyer’s personal income.
Condo
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40299, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,393 (100%) |
| Owner Occupied HU | 13,111 (71.3%) |
| Renter Occupied HU | 4,380 (23.8%) |
| Vacant Housing Units | 902 ( 4.9%) |
| Median Home Value | $321,716 |
| Average Home Value | $359,747 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
17,249
Multi-Family
2,129
Businesses
1,730
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Listed by: Lauren Monnett • Heart of KY Real Estate, Inc.
Mls Name: GLARMLS
Mls ID: #1697635