1606 Louis Coleman Jr DrLouisvilleKY40211
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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 1606 Louis Coleman Jr Dr, Louisville, KY, 40211 listed at $235,000 pairs $1,569/mo rent with a $1,150/mo payment to leave $139/mo cash flow. Total monthly income runs $1,569/mo, and annual cash flow reaches $1,668/yr on $77,903 cash to close. Return on cash invested measures 22.05% in year one, and rental yield registers 8.01% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 114.18% and total cumulative return in cash totals $88,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,569/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40211, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,561 (100%) |
| Owner Occupied HU | 3,874 (36.7%) |
| Renter Occupied HU | 4,802 (45.5%) |
| Vacant Housing Units | 1,885 (17.8%) |
| Median Home Value | $100,831 |
| Average Home Value | $221,276 |
Housing Distribution
Address Breakdown
Residential
9,321
Single Family
8,580
Multi-Family
741
Businesses
525
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Listed by: Marilyn V Cardine-Baker • Right Choice Realty Inc.
Mls Name: GLARMLS
Mls ID: #1704875