603 Riverwood PlLouisvilleKY40207
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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 603 Riverwood Pl, Louisville, KY, 40207 priced at $449,000 pairs $3,868/mo rent with $1,135/mo cash flow after a $2,198/mo payment. Total monthly income equals $3,868/mo, and annual cash flow comes to $13,619/yr on $148,844 invested. Return on cash invested is 29.06% in year one, and rental yield stands at 10.34% on a $449,000 basis. Equity gained on principal adds $2,897/yr, and 5% annual appreciation accumulates to $124,050 by year five. Five-year ROI measures 151.76% and total cumulative return in cash reaches $225,892. For financing, Ziffy Mortgage’s DSCR program evaluates $3,868/mo property income against a $2,198/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1973
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40207, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,099 (100%) |
| Owner Occupied HU | 9,726 (64.4%) |
| Renter Occupied HU | 3,985 (26.4%) |
| Vacant Housing Units | 1,388 ( 9.2%) |
| Median Home Value | $428,509 |
| Average Home Value | $495,697 |
Housing Distribution
Address Breakdown
Residential
14,852
Single Family
11,585
Multi-Family
3,267
Businesses
1,702
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Listed by: Tish Hobbs • Tish Hobbs Realty LLC
Mls Name: GLARMLS
Mls ID: #1697116