12403 Springmeadow DrLouisvilleKY40229
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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 12403 Springmeadow Dr, Louisville, KY, 40229 uses $87,848 cash to close to unlock $1,179/yr annual cash flow and $98/mo monthly cash flow. Total monthly income runs $1,711/mo, and a $1,297/mo payment keeps the spread at $98/mo. Purchase price stands at $265,000, and rental yield measures 7.75% with $1,711/mo rent. Return on cash invested shows 21.25% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 109.94% and total cumulative return in cash records $96,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,711/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 2000
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Amanda R Elswick • Nest Realty
Mls Name: GLARMLS
Mls ID: #1694283