103 Ramsgate Gardens Ct APT 103LouisvilleKY40207
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who treat current yield as secondary to long-run equity growth will find 103 Ramsgate Gardens Ct APT 103, Louisville, KY, 40207 in Louisville worth modelling. At $176,000 with a 10.72% gross yield, the $1,572/mo rent leaves $79/mo after the $791/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.99 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $48,626 by year five; $1,621/yr in principal reduction adds further equity. Total projected return: $98,954.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 6.2% |
| Monthly Cash Flow | $79 | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,572 |
| Total Monthly Debt Service | $1,001 |
| DSCR Ratio | 1.57x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40207, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,099 (100%) |
| Owner Occupied HU | 9,726 (64.4%) |
| Renter Occupied HU | 3,985 (26.4%) |
| Vacant Housing Units | 1,388 ( 9.2%) |
| Median Home Value | $428,509 |
| Average Home Value | $495,697 |
Housing Distribution
Address Breakdown
Residential
14,852
Single Family
11,585
Multi-Family
3,267
Businesses
1,702
Nearby investment properties with comparable rents
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
Condo
Built in 1973
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40207, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,099 (100%) |
| Owner Occupied HU | 9,726 (64.4%) |
| Renter Occupied HU | 3,985 (26.4%) |
| Vacant Housing Units | 1,388 ( 9.2%) |
| Median Home Value | $428,509 |
| Average Home Value | $495,697 |
Housing Distribution
Address Breakdown
Residential
14,852
Single Family
11,585
Multi-Family
3,267
Businesses
1,702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: GLARMLS
Mls ID: #1712636