2818 Coleen CtLouisvilleKY40206
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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 2818 Coleen Ct, Louisville, KY, 40206 uses $67,958 cash to close to unlock $5,865/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $1,736/mo, and a $1,003/mo payment keeps the spread at $489/mo. Purchase price stands at $205,000, and rental yield measures 10.16% with $1,736/mo rent. Return on cash invested shows 28.54% in year one, and 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 149.01% and total cumulative return in cash records $101,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,736/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Townhouse
Built in 1964
1,742 sqft 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
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Listed by: Angela Chambers • Keller Williams Collective
Mls Name: GLARMLS
Mls ID: #1705608