10404 Southern Meadows Dr APT 103LouisvilleKY40241
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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 10404 Southern Meadows Dr APT 103, Louisville, KY, 40241 uses $74,588 cash to close to unlock $8,650/yr annual cash flow and $721/mo monthly cash flow. Total monthly income runs $2,338/mo, and a $1,101/mo payment keeps the spread at $721/mo. Purchase price stands at $225,000, and rental yield measures 12.47% with $2,338/mo rent. Return on cash invested shows 31.51% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 166.35% and total cumulative return in cash records $124,077. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,338/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
$248 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40241, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,271 (100%) |
| Owner Occupied HU | 9,141 (64.1%) |
| Renter Occupied HU | 4,044 (28.3%) |
| Vacant Housing Units | 1,086 ( 7.6%) |
| Median Home Value | $378,309 |
| Average Home Value | $415,550 |
Housing Distribution
Address Breakdown
Residential
14,216
Single Family
11,276
Multi-Family
2,940
Businesses
686
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Listed by: Andrew J Hays • Lois Ann Disponett Real Est
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25505064
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.