413 Hancock Green Pl #101LouisvilleKY40202
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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 413 Hancock Green Pl #101, Louisville, KY, 40202 generates $1,242/mo in rent and, after a $793/mo payment, leaves $176/mo in cash flow. Total monthly income is $1,242/mo, and annual cash flow is $2,111/yr on $53,703 invested. Return on cash invested sits at 23.84% in year one, and rental yield is 9.2% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 124.41% and total cumulative return in cash sums $66,809. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,242/mo property income rather than buyer’s personal income.
Condo
Built in 2012
550 sqft lot
$N/A/sqft
$80 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40202, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 299 ( 7.2%) |
| Renter Occupied HU | 3,007 (72.2%) |
| Vacant Housing Units | 857 (20.6%) |
| Median Home Value | $357,895 |
| Average Home Value | $424,010 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
1,023
Multi-Family
2,743
Businesses
1,588
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Listed by: N/A • N/A
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