429 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
Rental property for sale in Louisville at 429 Ledgeview Park Dr, Louisville, KY, 40206 priced at $199,000 converts $1,549/mo rent into $338/mo cash flow after a $974/mo obligation. Total monthly income equals $1,549/mo, and annual cash flow totals $4,054/yr on $65,969 invested. Return on cash invested prints 26.05% in year one, and rental yield reads 9.34% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 135.66% and total cumulative return in cash sums $89,490. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,549/mo property income covering a $974/mo payment, not borrower’s personal income.
Condo
Built in 1986
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: Monica L Young • Real Estate Go To
Mls Name: GLARMLS
Mls ID: #1701811