2407 Mahan DrJeffersontownKY40299
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 2407 Mahan Dr, Jeffersontown, KY, 40299 in Jeffersontown. At $298,500 it earns $2,057/mo in rent and distributes $240/mo to the owner after the $1,342/mo payment, a consistent 8.27% yield. DSCR 1.53 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $82,470 in value; $2,749/yr in principal paydown compounds ownership stake. Total projected return: $128,572.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.2% |
| Monthly Cash Flow | $240 | $150 |
City averages based on Jeffersontown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,057 |
| Total Monthly Debt Service | $1,698 |
| DSCR Ratio | 1.21x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1964
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40299, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,393 (100%) |
| Owner Occupied HU | 13,111 (71.3%) |
| Renter Occupied HU | 4,380 (23.8%) |
| Vacant Housing Units | 902 ( 4.9%) |
| Median Home Value | $321,716 |
| Average Home Value | $359,747 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
17,249
Multi-Family
2,129
Businesses
1,730
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1964
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40299, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,393 (100%) |
| Owner Occupied HU | 13,111 (71.3%) |
| Renter Occupied HU | 4,380 (23.8%) |
| Vacant Housing Units | 902 ( 4.9%) |
| Median Home Value | $321,716 |
| Average Home Value | $359,747 |
Housing Distribution
Address Breakdown
Residential
19,378
Single Family
17,249
Multi-Family
2,129
Businesses
1,730
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Sokoler • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1694126