206 Flanders Ct APT 8LouisvilleKY40218
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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
Rental property for sale in Louisville at 206 Flanders Ct APT 8, Louisville, KY, 40218 generates $931/mo in rent and, after a $585/mo payment, leaves $204/mo in cash flow. Total monthly income is $931/mo, and annual cash flow is $2,443/yr on $39,614 invested. Return on cash invested sits at 26.08% in year one, and rental yield is 9.35% on a $119,500 entry. Equity gained on principal adds $771/yr, while 5% annual appreciation builds toward $33,016 over five years. Five-year ROI reaches 135.82% and total cumulative return in cash sums $53,802. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $931/mo property income rather than buyer’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40218, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 6,879 (47.5%) |
| Renter Occupied HU | 6,360 (43.9%) |
| Vacant Housing Units | 1,239 ( 8.6%) |
| Median Home Value | $209,730 |
| Average Home Value | $235,809 |
Housing Distribution
Address Breakdown
Residential
14,077
Single Family
10,571
Multi-Family
3,506
Businesses
1,315
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Listed by: Sabid Velic • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1706565