3704 Susan LnLouisvilleKY40229
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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 3704 Susan Ln, Louisville, KY, 40229 listed at $199,900 pairs $1,593/mo rent with a $978/mo payment to leave $377/mo cash flow. Total monthly income runs $1,593/mo, and annual cash flow reaches $4,521/yr on $66,267 cash to close. Return on cash invested measures 26.73% in year one, and rental yield registers 9.56% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 139.29% and total cumulative return in cash totals $92,305. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,593/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Nick Johnson • DREAM J P Pirtle REALTORS
Mls Name: GLARMLS
Mls ID: #1704530