146 Spring Lake LnLouisvilleKY40229
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 146 Spring Lake Ln, Louisville, KY, 40229 at $390,000 posts ROI 28.16% with $889/mo cash flow from $3,263/mo rent. Total monthly income equals $3,263/mo, and annual cash flow records $10,671/yr on $129,285 to close. Return on cash invested measures 28.16% and rental yield reads 10.04% at the current $390,000. Equity gained on principal adds $2,517/yr, and 5% annual appreciation supports $107,750 by year five. Five-year ROI prints 146.98% and total cumulative return in cash totals $190,028.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,263/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Nearby investment properties with comparable prices
Listed by: Kevin Clarke • Keller Williams Louisville East
Mls Name: GLARMLS
Mls ID: #1693806