13408 Forest Springs DrLouisvilleKY40245
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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 13408 Forest Springs Dr, Louisville, KY, 40245 uses $159,087 cash to close to unlock $3,349/yr annual cash flow and $279/mo monthly cash flow. Total monthly income runs $3,200/mo, and a $2,349/mo payment keeps the spread at $279/mo. Purchase price stands at $479,900, and rental yield measures 8% with $3,200/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $132,588 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash records $181,389. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,200/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.28 Acres 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: Nancy M Gries • Legacy Home REALTORS
Mls Name: GLARMLS
Mls ID: #1693675