302 Crescent Spring DrLouisvilleKY40206
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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
Investment Highlights
Rental property for sale in Louisville at 302 Crescent Spring Dr, Louisville, KY, 40206 offers $1,350/mo rent that, after a $881/mo payment, leaves $255/mo cash flow. Total monthly income is $1,350/mo, and annual cash flow is $3,054/yr on $59,670 cash. Return on cash invested measures 25.03% in year one, and rental yield stands at 9% at a $179,999 entry. Equity gained on principal adds $1,162/yr while 5% annual appreciation compounds into $49,730 by year five. Five-year ROI records 130.18% and total cumulative return in cash reaches $77,680. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,350/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1981
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
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Listed by: Stephanie H Hunter • Exit Realty Choice
Mls Name: GLARMLS
Mls ID: #1698578