180 Summers DrLouisvilleKY40229
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 180 Summers Dr, Louisville, KY, 40229 priced at $218,000 pairs $1,651/mo rent with $324/mo cash flow after a $1,067/mo payment. Total monthly income equals $1,651/mo, and annual cash flow comes to $3,891/yr on $72,267 invested. Return on cash invested is 25.29% in year one, and rental yield stands at 9.09% on a $218,000 basis. Equity gained on principal adds $1,407/yr, and 5% annual appreciation accumulates to $60,229 by year five. Five-year ROI measures 131.64% and total cumulative return in cash reaches $95,131. For financing, Ziffy Mortgage’s DSCR program evaluates $1,651/mo property income against a $1,067/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1980
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Jamie Reading • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1691458