10022 Normie LnLouisvilleKY40229
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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 10022 Normie Ln, Louisville, KY, 40229 earns $340/mo cash flow from $2,226/mo rent with a $1,517/mo payment. Total monthly income totals $2,226/mo, and annual cash flow totals $4,075/yr on $102,765 capital. ROI tracks 23.87% on current figures, and rental yield reads 8.62% at a $310,000 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 over five years. Five-year ROI reaches 123.98% and total cumulative return in cash sums $127,411. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,226/mo property income instead of your personal income.
Single Family
Built in 1968
9,583 sqft 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: Yusleidy Perez Gonzalez • ZHomes Real Estate
Mls Name: GLARMLS
Mls ID: #1707709