3505 Lodge Ln APT 109LouisvilleKY40218
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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
Investment property for sale in Louisville at 3505 Lodge Ln APT 109, Louisville, KY, 40218 offers a 9.32% rental yield on a $123,900 purchase with $962/mo rent. Total monthly income registers $962/mo, and a $606/mo payment leaves $208/mo available for distribution. Annual cash flow reaches $2,500/yr on $41,073 to close, and return on cash invested stands at 26% in year one. Equity gained on principal adds $800/yr while 5% annual appreciation supports $34,231 over five years. Portfolio math shows five-year ROI at 135.47% and total cumulative return in cash at $55,640. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $962/mo property income against a $606/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1979
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40218, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 6,879 (47.5%) |
| Renter Occupied HU | 6,360 (43.9%) |
| Vacant Housing Units | 1,239 ( 8.6%) |
| Median Home Value | $209,730 |
| Average Home Value | $235,809 |
Housing Distribution
Address Breakdown
Residential
14,077
Single Family
10,571
Multi-Family
3,506
Businesses
1,315
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Listed by: Victoria Lyalin • Semonin REALTORS
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1684103
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