3002 Clevan Way UNIT 102LouisvilleKY40220
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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 3002 Clevan Way UNIT 102, Louisville, KY, 40220 earns $476/mo cash flow from $1,693/mo rent with a $979/mo payment. Total monthly income totals $1,693/mo, and annual cash flow totals $5,708/yr on $66,300 capital. ROI tracks 28.52% on current figures, and rental yield reads 10.16% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 148.9% and total cumulative return in cash sums $98,720. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,693/mo property income instead of your personal income.
Condo
Built in 2017
N/A lot
$N/A/sqft
No 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: Susan T Gullett • Family Realty LLC
Mls Name: GLARMLS
Mls ID: #1699596