1817 Grand Ridge RdLouisvilleKY40214
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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 1817 Grand Ridge Rd, Louisville, KY, 40214 offers a 10.93% rental yield on a $623,000 purchase with $5,672/mo rent. Total monthly income registers $5,672/mo, and a $3,049/mo payment leaves $1,881/mo available for distribution. Annual cash flow reaches $22,567/yr on $204,967 to close, and return on cash invested stands at 31.07% in year one. Equity gained on principal adds $4,020/yr while 5% annual appreciation supports $172,123 over five years. Portfolio math shows five-year ROI at 162.53% and total cumulative return in cash at $333,141. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,672/mo property income against a $3,049/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Sharon G Toms • Action First Realty, Inc.
Mls Name: GLARMLS
Mls ID: #1703357