1406 Forest Park RdLouisvilleKY40223
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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
Rental property for sale in Louisville at 1406 Forest Park Rd, Louisville, KY, 40223 offers $1,846/mo rent that, after a $1,155/mo payment, leaves $410/mo cash flow. Total monthly income is $1,846/mo, and annual cash flow is $4,919/yr on $78,201 cash. Return on cash invested measures 26.2% in year one, and rental yield stands at 9.39% at a $235,900 entry. Equity gained on principal adds $1,522/yr while 5% annual appreciation compounds into $65,175 by year five. Five-year ROI records 136.43% and total cumulative return in cash reaches $106,691. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,846/mo property income versus a $1,155/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1988
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40223, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,146 (100%) |
| Owner Occupied HU | 6,920 (62.1%) |
| Renter Occupied HU | 3,358 (30.1%) |
| Vacant Housing Units | 868 ( 7.8%) |
| Median Home Value | $363,815 |
| Average Home Value | $409,810 |
Housing Distribution
Address Breakdown
Residential
11,122
Single Family
9,982
Multi-Family
1,140
Businesses
1,373
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Listed by: Array of Homes Team • Keller Williams Louisville East
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1668827
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