4012 Saint Ives CtNorbourne EstatesKY40207
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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 Norbourne Estates at 4012 Saint Ives Ct, Norbourne Estates, KY, 40207 offers a 5.5% rental yield on a $750,000 purchase with $3,438/mo rent. 58% in year one. Equity gained on principal adds $4,840/yr while 5% annual appreciation supports $207,211 over five years. Portfolio math shows five-year ROI at 74.11% and total cumulative return in cash at $182,862. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,438/mo property income against a $3,671/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40207, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,099 (100%) |
| Owner Occupied HU | 9,726 (64.4%) |
| Renter Occupied HU | 3,985 (26.4%) |
| Vacant Housing Units | 1,388 ( 9.2%) |
| Median Home Value | $428,509 |
| Average Home Value | $495,697 |
Housing Distribution
Address Breakdown
Residential
14,852
Single Family
11,585
Multi-Family
3,267
Businesses
1,702
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Listed by: Harold R Riedling • Parker & Klein Real Estate
Mls Name: GLARMLS
Mls ID: #1702043