10708 Black Iron RdLouisvilleKY40291
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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 10708 Black Iron Rd, Louisville, KY, 40291 offers a 6.65% rental yield on a $469,900 purchase with $2,604/mo rent. 94% in year one. Equity gained on principal adds $3,032/yr while 5% annual appreciation supports $129,825 over five years. Portfolio math shows five-year ROI at 92.15% and total cumulative return in cash at $143,546. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,604/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
0.25 Acres 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: Jason T Catlett • Weichert Realtors-H. Barry Smith Co.
Mls Name: GLARMLS
Mls ID: #1697196