1304 Pickings Pl UNIT 102LouisvilleKY40243
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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 1304 Pickings Pl UNIT 102, Louisville, KY, 40243 listed at $225,000 pairs $2,094/mo rent with a $1,101/mo payment to leave $725/mo cash flow. Total monthly income runs $2,094/mo, and annual cash flow reaches $8,698/yr on $74,588 cash to close. Return on cash invested measures 31.57% in year one, and rental yield registers 11.17% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 165.24% and total cumulative return in cash totals $123,249. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,094/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1999
N/A lot
$N/A/sqft
No 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: Bob Sokoler • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1698973