2935 Six Mile LnLouisvilleKY40220
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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 2935 Six Mile Ln, Louisville, KY, 40220 uses $58,013 cash to close to unlock $8,064/yr annual cash flow and $672/mo monthly cash flow. Total monthly income runs $1,984/mo, and a $857/mo payment keeps the spread at $672/mo. Purchase price stands at $175,000, and rental yield measures 13.6% with $1,984/mo rent. Return on cash invested shows 33.81% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 179.19% and total cumulative return in cash records $103,951. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,984/mo property income covering a $857/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$2,957 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40220, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 9,534 (59.2%) |
| Renter Occupied HU | 5,515 (34.2%) |
| Vacant Housing Units | 1,054 ( 6.5%) |
| Median Home Value | $259,893 |
| Average Home Value | $287,329 |
Housing Distribution
Address Breakdown
Residential
15,639
Single Family
12,305
Multi-Family
3,334
Businesses
603
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Listed by: Mark O Naber • Redfin
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1695432
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