11811 Garden Grove WayLouisvilleKY40299
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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 11811 Garden Grove Way, Louisville, KY, 40299 uses $112,710 cash to close to unlock $7,054/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $2,657/mo, and a $1,664/mo payment keeps the spread at $588/mo. Purchase price stands at $340,000, and rental yield measures 9.38% with $2,657/mo rent. Return on cash invested shows 26.17% in year one, and 5% annual appreciation builds toward $93,936 over five years. Five-year ROI reaches 136.26% and total cumulative return in cash records $153,582. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,657/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Single Family
Built in 2005
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40299, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,393 (100%) |
| Owner Occupied HU | 13,111 (71.3%) |
| Renter Occupied HU | 4,380 (23.8%) |
| Vacant Housing Units | 902 ( 4.9%) |
| Median Home Value | $321,716 |
| Average Home Value | $359,747 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
17,249
Multi-Family
2,129
Businesses
1,730
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Listed by: Erneste Ntakobangize • Trellis Real Estate
Mls Name: GLARMLS
Mls ID: #1704020