2416 Broadmeade RdSeneca 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
Rental property for sale in Seneca Gardens at 2416 Broadmeade Rd, Seneca Gardens, KY, 40205 generates $3,908/mo in rent, after a $3,916/mo payment. Total monthly income is $3,908/mo. Return on cash invested sits at 15.68% in year one, and rental yield is 5.86% on a $800,000 entry. Equity gained on principal adds $5,162/yr, while 5% annual appreciation builds toward $221,025 over five years. Five-year ROI reaches 79.98% and total cumulative return in cash sums $210,512. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,908/mo property income rather than buyer’s personal income.
Single Family
Built in 1946
8,276 sqft 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: Ellen G Shaikun • BERKSHIRE HATHAWAY HomeServices, Parks & Weisberg Realtors
Mls Name: GLARMLS
Mls ID: #1706508