12004 Wide Spring CtColdstreamKY40245
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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 Coldstream at 12004 Wide Spring Ct, Coldstream, KY, 40245 generates $2,407/mo in rent and, after a $1,290/mo payment, leaves $803/mo in cash flow. Total monthly income is $2,407/mo, and annual cash flow is $9,636/yr on $87,350 invested. Return on cash invested sits at 30.94% in year one, and rental yield is 10.96% on a $263,500 entry. Equity gained on principal adds $1,700/yr, while 5% annual appreciation builds toward $72,800 over five years. Five-year ROI reaches 161.85% and total cumulative return in cash sums $141,372. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,407/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
10,018 sqft 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
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Listed by: Paige Schmidt • Advantage Commercial Real Estate
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1663601
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