1174 Neon WayLouisvilleKY40204
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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 1174 Neon Way, Louisville, KY, 40204 earns $250/mo cash flow from $1,178/mo rent with a $746/mo payment. Total monthly income totals $1,178/mo, and annual cash flow totals $3,003/yr on $50,554 capital. ROI tracks 25.85% on current figures, and rental yield reads 9.27% at a $152,500 purchase. Equity gained on principal adds $984/yr, and 5% annual appreciation supports $42,133 over five years. Five-year ROI reaches 134.63% and total cumulative return in cash sums $68,063. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,178/mo property income instead of your personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40204, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,122 (100%) |
| Owner Occupied HU | 3,870 (42.4%) |
| Renter Occupied HU | 4,128 (45.3%) |
| Vacant Housing Units | 1,124 (12.3%) |
| Median Home Value | $375,121 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
8,062
Single Family
6,413
Multi-Family
1,649
Businesses
828
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Listed by: Cameron Schanie • Premier Homes Realty
Mls Name: GLARMLS
Mls ID: #1706022