1731 Meyers LnLouisvilleKY40216
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
Investment Highlights
Rental property for sale in Louisville at 1731 Meyers Ln, Louisville, KY, 40216 priced at $349,900 converts $2,570/mo rent into $440/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,570/mo, and annual cash flow totals $5,280/yr on $115,992 invested. Return on cash invested prints 24.46% in year one, and rental yield reads 8.81% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 127.15% and total cumulative return in cash sums $147,486. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,570/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Apartment
Built in 1924
0.63 Acres 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: Justin P Robbins • Knob & Key Realty, LLC
Mls Name: GLARMLS
Mls ID: #1705031