108 Gardiner Lake RdLouisvilleKY40205
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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
Rental property for sale in Louisville at 108 Gardiner Lake Rd, Louisville, KY, 40205 generates $1,560/mo in rent and, after a $1,123/mo payment, leaves $164/mo in cash flow. Total monthly income is $1,560/mo, and annual cash flow is $1,962/yr on $76,079 invested. Return on cash invested sits at 22.49% in year one, and rental yield is 8.16% on a $229,500 entry. Equity gained on principal adds $1,481/yr, while 5% annual appreciation builds toward $63,407 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash sums $88,686. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,560/mo property income rather than buyer’s personal income.
Condo
Built in 1982
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40205, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 7,728 (69.8%) |
| Renter Occupied HU | 2,563 (23.2%) |
| Vacant Housing Units | 776 ( 7.0%) |
| Median Home Value | $391,674 |
| Average Home Value | $445,327 |
Housing Distribution
Address Breakdown
Residential
10,909
Single Family
8,803
Multi-Family
2,106
Businesses
567
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Listed by: Feather Hurley Team • Lenihan Sotheby's International Realty
Mls Name: GLARMLS
Mls ID: #1704664