5405 Colonyridge RdLouisvilleKY40229
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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 5405 Colonyridge Rd, Louisville, KY, 40229 offers a 4.4% rental yield on a $562,900 purchase with $2,063/mo rent. 23% in year one. Equity gained on principal adds $3,632/yr while 5% annual appreciation supports $155,519 over five years. Portfolio math shows five-year ROI at 56.14% and total cumulative return in cash at $103,972. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,063/mo property income against a $2,755/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Tifany Torok • Exit Realty Crutcher
Mls Name: GLARMLS
Mls ID: #1706174