150 Gavin CtLouisvilleKY40245
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors who treat current yield as secondary to long-run equity growth will find 150 Gavin Ct, Louisville, KY, 40245 in Louisville worth modelling. At $799,900 with a 7.6% gross yield, the $5,068/mo rent leaves $95/mo after the $3,597/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.41 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $220,998 by year five; $7,367/yr in principal reduction adds further equity. Total projected return: $315,790.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.2% |
| Monthly Cash Flow | $95 | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,068 |
| Total Monthly Debt Service | $4,550 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.43 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
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
Single Family
Built in 2024
0.43 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: G. Davis Boland • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1704590