2709 Melvin CtLouisvilleKY40216
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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
Investment property for sale in Louisville at 2709 Melvin Ct, Louisville, KY, 40216 uses $84,532 cash to close to unlock $7,826/yr annual cash flow and $652/mo monthly cash flow. Total monthly income runs $2,204/mo, and a $1,248/mo payment keeps the spread at $652/mo. Purchase price stands at $254,999, and rental yield measures 10.37% with $2,204/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 152.4% and total cumulative return in cash records $128,827. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,204/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1970
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40216, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,542 (100%) |
| Owner Occupied HU | 10,986 (59.2%) |
| Renter Occupied HU | 6,272 (33.8%) |
| Vacant Housing Units | 1,284 ( 6.9%) |
| Median Home Value | $180,204 |
| Average Home Value | $262,204 |
Housing Distribution
Address Breakdown
Residential
18,869
Single Family
16,977
Multi-Family
1,892
Businesses
930
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Listed by: Angela Chambers • Keller Williams Collective
Mls Name: GLARMLS
Mls ID: #1707273