304 Logsdon CtLouisvilleKY40243
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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
Rental property for sale in Louisville at 304 Logsdon Ct, Louisville, KY, 40243 offers $1,440/mo rent that, after a $1,038/mo payment, leaves $149/mo cash flow. Total monthly income is $1,440/mo, and annual cash flow is $1,792/yr on $70,278 cash. Return on cash invested measures 22.46% in year one, and rental yield stands at 8.15% at a $212,000 entry. Equity gained on principal adds $1,368/yr while 5% annual appreciation compounds into $58,572 by year five. Five-year ROI records 116.43% and total cumulative return in cash reaches $81,823. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,440/mo property income versus a $1,038/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40243, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,312 (100%) |
| Owner Occupied HU | 3,776 (59.8%) |
| Renter Occupied HU | 1,979 (31.4%) |
| Vacant Housing Units | 557 ( 8.8%) |
| Median Home Value | $350,139 |
| Average Home Value | $364,129 |
Housing Distribution
Address Breakdown
Residential
6,074
Single Family
4,932
Multi-Family
1,142
Businesses
692
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Listed by: DeAnndra Mason • Totally About Houses
Mls Name: GLARMLS
Mls ID: #1701843