303 Downes LnLouisvilleKY40214
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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 303 Downes Ln, Louisville, KY, 40214 uses $54,698 cash to close to unlock $10,252/yr annual cash flow and $854/mo monthly cash flow. Total monthly income runs $1,859/mo, and a $808/mo payment keeps the spread at $854/mo. Purchase price stands at $165,000, and rental yield measures 13.52% with $1,859/mo rent. Return on cash invested shows 38.65% in year one, and 5% annual appreciation builds toward $45,586 over five years. Five-year ROI reaches 203.26% and total cumulative return in cash records $111,179. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,859/mo property income covering a $808/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Chad Russell • Semonin REALTORS
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1691482
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