308 Louis Coleman Jr DrLouisvilleKY40212
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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 308 Louis Coleman Jr Dr, Louisville, KY, 40212 generates $1,265/mo in rent and, after a $783/mo payment, leaves $291/mo in cash flow. Total monthly income is $1,265/mo, and annual cash flow is $3,496/yr on $53,040 invested. Return on cash invested sits at 26.5% in year one, and rental yield is 9.49% on a $160,000 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 138.13% and total cumulative return in cash sums $73,262. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,265/mo property income rather than buyer’s personal income.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40212, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,732 (100%) |
| Owner Occupied HU | 2,914 (37.7%) |
| Renter Occupied HU | 3,509 (45.4%) |
| Vacant Housing Units | 1,309 (16.9%) |
| Median Home Value | $82,928 |
| Average Home Value | $188,089 |
Housing Distribution
Address Breakdown
Residential
6,963
Single Family
6,709
Multi-Family
254
Businesses
262
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Listed by: Tonia B Simms • The Collective Realty Co.
Mls Name: GLARMLS
Mls ID: #1705659