5603 Walnut WayLouisvilleKY40229
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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 5603 Walnut Way, Louisville, KY, 40229 uses $76,212 cash to close to unlock $5,124/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,826/mo, and a $1,125/mo payment keeps the spread at $427/mo. Purchase price stands at $229,900, and rental yield measures 9.53% with $1,826/mo rent. Return on cash invested shows 26.63% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 138.83% and total cumulative return in cash records $105,803. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,826/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.25 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: Michael Jones • Cornerstone Group REALTORS
Mls Name: GLARMLS
Mls ID: #1704358