2845 Hikes Ln APT 305LouisvilleKY40218
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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 2845 Hikes Ln APT 305, Louisville, KY, 40218 generates $1,156/mo in rent and, after a $734/mo payment, leaves $243/mo in cash flow. Total monthly income is $1,156/mo, and annual cash flow is $2,919/yr on $49,725 invested. Return on cash invested sits at 25.78% in year one, and rental yield is 9.25% on a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 134.26% and total cumulative return in cash sums $66,762. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,156/mo property income rather than buyer’s personal income.
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: Ashley Spillman • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1706281