208 Flanders Ct APT 3LouisvilleKY40218
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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 208 Flanders Ct APT 3, Louisville, KY, 40218 offers a 11.66% rental yield on a $129,900 purchase with $1,262/mo rent. Total monthly income registers $1,262/mo, and a $636/mo payment leaves $471/mo available for distribution. Annual cash flow reaches $5,654/yr on $43,062 to close, and return on cash invested stands at 33.04% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 173.21% and total cumulative return in cash at $74,587. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,262/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Jack C May • May Team REALTORS
Mls Name: GLARMLS
Mls ID: #1699474