1813 Meadowgate LnLouisvilleKY40223
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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 1813 Meadowgate Ln, Louisville, KY, 40223 earns $576/mo cash flow from $2,219/mo rent with a $1,321/mo payment. Total monthly income totals $2,219/mo, and annual cash flow totals $6,916/yr on $89,472 capital. ROI tracks 27.64% on current figures, and rental yield reads 9.87% at a $269,900 purchase. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,568 over five years. Five-year ROI reaches 144.19% and total cumulative return in cash sums $129,006. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,219/mo property income instead of your personal income.
Single Family
Built in 1968
6,534 sqft 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: Hom N Mainali • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1693645