2411 Brownsboro Rd APT 203LouisvilleKY40206
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.43% yield at 2411 Brownsboro Rd APT 203, Louisville, KY, 40206 in Louisville is solid, but the $725/mo payment compresses net cash flow to $151/mo at $161,250. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $44,550 by year five, and $1,485/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.56) without U.S. income documentation. Total projected return: $70,842.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $151 | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,133 |
| Total Monthly Debt Service | $917 |
| DSCR Ratio | 1.24x |
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.
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
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
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martin T Crane • Crane REALTORS, LLC
Mls Name: GLARMLS
Mls ID: #1704759