2325 Broadmeade Rd #2Seneca GardensKY40205
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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 Seneca Gardens at 2325 Broadmeade Rd #2, Seneca Gardens, KY, 40205 offers a 8.61% rental yield on a $350,000 purchase with $2,510/mo rent. Total monthly income registers $2,510/mo, and a $1,713/mo payment leaves $380/mo available for distribution. Annual cash flow reaches $4,559/yr on $116,025 to close, and return on cash invested stands at 23.84% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 123.77% and total cumulative return in cash at $143,606. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,510/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1950
N/A 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: Kristin D Lally • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1702058