102 Algiers Ct APT 7LouisvilleKY40218
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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 102 Algiers Ct APT 7, Louisville, KY, 40218 listed at $135,500 pairs $1,262/mo rent with a $663/mo payment to leave $438/mo cash flow. Total monthly income runs $1,262/mo, and annual cash flow reaches $5,250/yr on $44,918 cash to close. Return on cash invested measures 31.6% in year one, and rental yield registers 11.18% at a $135,500 basis. Equity gained on principal adds $874/yr, and annual property appreciation at 5% supports $37,436 by year five. Five-year ROI tracks 165.42% and total cumulative return in cash totals $74,306. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,262/mo property income relative to a $663/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40218, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 6,879 (47.5%) |
| Renter Occupied HU | 6,360 (43.9%) |
| Vacant Housing Units | 1,239 ( 8.6%) |
| Median Home Value | $209,730 |
| Average Home Value | $235,809 |
Housing Distribution
Address Breakdown
Residential
14,077
Single Family
10,571
Multi-Family
3,506
Businesses
1,315
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Listed by: Matt Fowler • Semonin REALTORS
Mls Name: GLARMLS
Mls ID: #1693593