16818 Meander WayLouisvilleKY40245
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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 16818 Meander Way, Louisville, KY, 40245 earns $1,019/mo cash flow from $3,701/mo rent with a $2,157/mo payment. Total monthly income totals $3,701/mo, and annual cash flow totals $12,227/yr on $146,070 capital. ROI tracks 28.28% on current figures, and rental yield reads 10.08% at a $440,633 purchase. Equity gained on principal adds $2,843/yr, and 5% annual appreciation supports $121,739 over five years. Five-year ROI reaches 147.59% and total cumulative return in cash sums $215,585. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,701/mo property income instead of your personal income.
Single Family
Built in 2025
6,534 sqft 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
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Listed by: John E Marshall • Elite REALTORS
Mls Name: GLARMLS
Mls ID: #1696844