1408 Cardinal DrLouisvilleKY40213
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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 1408 Cardinal Dr, Louisville, KY, 40213 with 5% annual appreciation on a $125,830 basis while $2,924/mo rent supports operations. Total monthly income totals $2,924/mo and a $616/mo payment preserves $2,158/mo for cash returns. Annual cash flow comes to $25,897/yr on $41,713 deployed, and return on cash invested reaches 81.99% in year one. Equity gained on principal adds $812/yr, and five-year appreciation sums $34,765 alongside rental yield of 27.89%. Five-year ROI measures 435.73% and total cumulative return in cash totals $181,754.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,924/mo property income versus a $616/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1925
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40213, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,522 (100%) |
| Owner Occupied HU | 4,211 (56.0%) |
| Renter Occupied HU | 2,733 (36.3%) |
| Vacant Housing Units | 578 ( 7.7%) |
| Median Home Value | $204,545 |
| Average Home Value | $258,518 |
Housing Distribution
Address Breakdown
Residential
7,568
Single Family
7,172
Multi-Family
396
Businesses
863
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