2845 Hikes Ln APT 204LouisvilleKY40218
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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 2845 Hikes Ln APT 204, Louisville, KY, 40218 offers a 12.96% rental yield on a $158,400 purchase with $1,711/mo rent. Total monthly income registers $1,711/mo, and a $775/mo payment leaves $747/mo available for distribution. Annual cash flow reaches $8,967/yr on $52,510 to close, and return on cash invested stands at 36.99% in year one. Equity gained on principal adds $1,022/yr while 5% annual appreciation supports $43,763 over five years. Portfolio math shows five-year ROI at 194.35% and total cumulative return in cash at $102,051. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,711/mo property income against a $775/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40218, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 6,879 (47.5%) |
| Renter Occupied HU | 6,360 (43.9%) |
| Vacant Housing Units | 1,239 ( 8.6%) |
| Median Home Value | $209,730 |
| Average Home Value | $235,809 |
Housing Distribution
Address Breakdown
Residential
14,077
Single Family
10,571
Multi-Family
3,506
Businesses
1,315
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Listed by: N/A • N/A
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