12502 Gemini Way #12502LouisvilleKY40243
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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 12502 Gemini Way #12502, Louisville, KY, 40243 uses $69,615 cash to close to unlock $9,795/yr annual cash flow and $816/mo monthly cash flow. Total monthly income runs $2,132/mo, and a $1,028/mo payment keeps the spread at $816/mo. Purchase price stands at $210,000, and rental yield measures 12.18% with $2,132/mo rent. Return on cash invested shows 33.98% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 178.47% and total cumulative return in cash records $124,240. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,132/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Townhouse
Built in 1979
4,791 sqft lot
$N/A/sqft
$450 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40243, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,312 (100%) |
| Owner Occupied HU | 3,776 (59.8%) |
| Renter Occupied HU | 1,979 (31.4%) |
| Vacant Housing Units | 557 ( 8.8%) |
| Median Home Value | $350,139 |
| Average Home Value | $364,129 |
Housing Distribution
Address Breakdown
Residential
6,074
Single Family
4,932
Multi-Family
1,142
Businesses
692
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Listed by: Missy Platt • RE/MAX Properties East
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1702502
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