9417 Magnolia Ridge Dr UNIT 101LouisvilleKY40291
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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 Louisville at 9417 Magnolia Ridge Dr UNIT 101, Louisville, KY, 40291 offers a 9.15% rental yield on a $195,000 purchase with $1,487/mo rent. Total monthly income registers $1,487/mo, and a $954/mo payment leaves $301/mo available for distribution. Annual cash flow reaches $3,607/yr on $64,643 to close, and return on cash invested stands at 25.49% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,875 over five years. Portfolio math shows five-year ROI at 132.65% and total cumulative return in cash at $85,750. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A 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: Crystal M Dries • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1695553