2518 Cedar StLouisvilleKY40212
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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
Total monthly income runs $1,505/mo, and a $4,405/mo payment. Purchase price stands at $900,000, and rental yield measures 2.01% with $1,505/mo rent. Return on cash invested shows 3.96% in year one, and 5% annual appreciation builds toward $248,653 over five years. Five-year ROI reaches 17.15% and total cumulative return in cash records $50,796. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,505/mo property income covering a $4,405/mo payment rather than investor’s personal income.
Single Family
Built in 1997
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40212, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,732 (100%) |
| Owner Occupied HU | 2,914 (37.7%) |
| Renter Occupied HU | 3,509 (45.4%) |
| Vacant Housing Units | 1,309 (16.9%) |
| Median Home Value | $82,928 |
| Average Home Value | $188,089 |
Housing Distribution
Address Breakdown
Residential
6,963
Single Family
6,709
Multi-Family
254
Businesses
262
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Listed by: Jay Pitts • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1703861