1502 Hobart CtLouisvilleKY40216
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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 1502 Hobart Ct, Louisville, KY, 40216 generates $1,570/mo in rent and, after a $1,150/mo payment, leaves $140/mo in cash flow. Total monthly income is $1,570/mo, and annual cash flow is $1,680/yr on $77,903 invested. Return on cash invested sits at 22.06% in year one, and rental yield is 8.02% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 114.27% and total cumulative return in cash sums $89,020. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,570/mo property income rather than buyer’s personal income.
Single Family
Built in 1957
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40216, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,542 (100%) |
| Owner Occupied HU | 10,986 (59.2%) |
| Renter Occupied HU | 6,272 (33.8%) |
| Vacant Housing Units | 1,284 ( 6.9%) |
| Median Home Value | $180,204 |
| Average Home Value | $262,204 |
Housing Distribution
Address Breakdown
Residential
18,869
Single Family
16,977
Multi-Family
1,892
Businesses
930
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Listed by: Joseph E Simms • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1706711