1216 Gilmore LnLouisvilleKY40213
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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 1216 Gilmore Ln, Louisville, KY, 40213 uses $62,952 cash to close to unlock $8,072/yr annual cash flow and $673/mo monthly cash flow. Total monthly income runs $1,828/mo, and a $929/mo payment keeps the spread at $673/mo. Purchase price stands at $189,900, and rental yield measures 11.55% with $1,828/mo rent. Return on cash invested shows 32.73% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 171.49% and total cumulative return in cash records $107,957. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,828/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40213, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,522 (100%) |
| Owner Occupied HU | 4,211 (56.0%) |
| Renter Occupied HU | 2,733 (36.3%) |
| Vacant Housing Units | 578 ( 7.7%) |
| Median Home Value | $204,545 |
| Average Home Value | $258,518 |
Housing Distribution
Address Breakdown
Residential
7,568
Single Family
7,172
Multi-Family
396
Businesses
863
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Listed by: Crystal Corrigan • The Breland Group
Mls Name: GLARMLS
Mls ID: #1699481