1816 Richmond DrLouisvilleKY40205
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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 1816 Richmond Dr, Louisville, KY, 40205 uses $116,025 cash to close to unlock $3,239/yr annual cash flow and $270/mo monthly cash flow. Total monthly income runs $2,400/mo, and a $1,713/mo payment keeps the spread at $270/mo. Purchase price stands at $350,000, and rental yield measures 8.23% with $2,400/mo rent. Return on cash invested shows 22.7% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 117.67% and total cumulative return in cash records $136,526. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,400/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1925
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40205, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 7,728 (69.8%) |
| Renter Occupied HU | 2,563 (23.2%) |
| Vacant Housing Units | 776 ( 7.0%) |
| Median Home Value | $391,674 |
| Average Home Value | $445,327 |
Housing Distribution
Address Breakdown
Residential
10,909
Single Family
8,803
Multi-Family
2,106
Businesses
567
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Listed by: Gordon Hettinger • Kentucky Select Properties
Mls Name: GLARMLS
Mls ID: #1694052