605 Glen CtLouisvilleKY40207
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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 605 Glen Ct, Louisville, KY, 40207 offers $2,614/mo rent that, after a $3,255/mo payment. Total monthly income is $2,614/mo. Return on cash invested measures 12.2% in year one, and rental yield stands at 4.72% at a $665,000 entry. Equity gained on principal adds $4,291/yr while 5% annual appreciation compounds into $183,727 by year five. Five-year ROI records 61.32% and total cumulative return in cash reaches $134,167. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,614/mo property income versus a $3,255/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.39 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: Jay Pitts • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1702567