3015 Brownsboro Rd APT 8LouisvilleKY40206
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $195,000, 3015 Brownsboro Rd APT 8, Louisville, KY, 40206 in Louisville generates $1,374/mo in rent (8.46% yield) but nets only $187/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.57) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $53,875. Total projected return: $85,909.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.2% |
| Monthly Cash Flow | $187 | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,374 |
| Total Monthly Debt Service | $1,109 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1982
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1982
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Woode Hannah • Kentucky Select Properties
Mls Name: GLARMLS
Mls ID: #1703239