1104 Glenlake WayLouisvilleKY40245
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
Investment Highlights
Investment property for sale in Louisville at 1104 Glenlake Way, Louisville, KY, 40245 offers a 11.6% rental yield on a $499,000 purchase with $4,824/mo rent. Total monthly income registers $4,824/mo, and a $2,442/mo payment leaves $1,787/mo available for distribution. Annual cash flow reaches $21,448/yr on $165,419 to close, and return on cash invested stands at 32.88% in year one. Equity gained on principal adds $3,220/yr while 5% annual appreciation supports $137,865 over five years. Portfolio math shows five-year ROI at 172.25% and total cumulative return in cash at $284,934. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,824/mo property income against a $2,442/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40245, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,773 (100%) |
| Owner Occupied HU | 11,704 (74.2%) |
| Renter Occupied HU | 3,085 (19.6%) |
| Vacant Housing Units | 984 ( 6.2%) |
| Median Home Value | $435,976 |
| Average Home Value | $469,049 |
Housing Distribution
Address Breakdown
Residential
16,147
Single Family
14,505
Multi-Family
1,642
Businesses
369
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Antecia L Whitehead • Inclusive Realty, LLC
Mls Name: GLARMLS
Mls ID: #1704779