2701 Sparrows Point PlLouisvilleKY40245
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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 Louisville at 2701 Sparrows Point Pl, Louisville, KY, 40245 priced at $940,000 converts $5,646/mo rent into after a $4,601/mo obligation. Total monthly income equals $5,646/mo. Return on cash invested prints 19.35% in year one, and rental yield reads 7.21% against a $940,000 entry. Equity gained on principal adds $6,066/yr, while 5% annual appreciation compiles into $259,705 by year five. Five-year ROI reaches 99.82% and total cumulative return in cash sums $308,706. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,646/mo property income covering a $4,601/mo payment, not borrower’s personal income.
Single Family
Built in 2005
0.46 Acres lot
$N/A/sqft
$1,300 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40245, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,773 (100%) |
| Owner Occupied HU | 11,704 (74.2%) |
| Renter Occupied HU | 3,085 (19.6%) |
| Vacant Housing Units | 984 ( 6.2%) |
| Median Home Value | $435,976 |
| Average Home Value | $469,049 |
Housing Distribution
Address Breakdown
Residential
16,147
Single Family
14,505
Multi-Family
1,642
Businesses
369
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Listed by: Scott Radcliff • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1669277
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