503 Village Lake DrLouisvilleKY40245
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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 503 Village Lake Dr, Louisville, KY, 40245 at $499,500 posts ROI 20.94% with $142/mo cash flow from $3,182/mo rent. Total monthly income equals $3,182/mo, and annual cash flow records $1,701/yr on $165,584 to close. Return on cash invested measures 20.94% and rental yield reads 7.64% at the current $499,500. Equity gained on principal adds $3,223/yr, and 5% annual appreciation supports $138,003 by year five. Five-year ROI prints 108.21% and total cumulative return in cash totals $179,179.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,182/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40245, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,773 (100%) |
| Owner Occupied HU | 11,704 (74.2%) |
| Renter Occupied HU | 3,085 (19.6%) |
| Vacant Housing Units | 984 ( 6.2%) |
| Median Home Value | $435,976 |
| Average Home Value | $469,049 |
Housing Distribution
Address Breakdown
Residential
16,147
Single Family
14,505
Multi-Family
1,642
Businesses
369
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Listed by: Jeni C McNickle • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1706294