1709 Wickham WayLouisvilleKY40223
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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 1709 Wickham Way, Louisville, KY, 40223 listed at $295,600 pairs $2,485/mo rent with a $1,447/mo payment to leave $686/mo cash flow. Total monthly income runs $2,485/mo, and annual cash flow reaches $8,229/yr on $97,991 cash to close. Return on cash invested measures 28.31% in year one, and rental yield registers 10.09% at a $295,600 basis. Equity gained on principal adds $1,907/yr, and annual property appreciation at 5% supports $81,669 by year five. Five-year ROI tracks 147.75% and total cumulative return in cash totals $144,778. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,485/mo property income relative to a $1,447/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40223, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,146 (100%) |
| Owner Occupied HU | 6,920 (62.1%) |
| Renter Occupied HU | 3,358 (30.1%) |
| Vacant Housing Units | 868 ( 7.8%) |
| Median Home Value | $363,815 |
| Average Home Value | $409,810 |
Housing Distribution
Address Breakdown
Residential
11,122
Single Family
9,982
Multi-Family
1,140
Businesses
1,373
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Listed by: Lucila De La Vega • Greater Louisville Homes, LLC
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1689264
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