412 Ledgeview Park DrLouisvilleKY40206
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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 412 Ledgeview Park Dr, Louisville, KY, 40206 offers a 9.29% rental yield on a $169,000 purchase with $1,308/mo rent. Total monthly income registers $1,308/mo, and a $827/mo payment leaves $280/mo available for distribution. Annual cash flow reaches $3,355/yr on $56,024 to close, and return on cash invested stands at 25.9% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 134.85% and total cumulative return in cash at $75,547. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,308/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
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Listed by: Zachary S Pitts • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1702390