607 Burnett Farm LnLouisvilleKY40243
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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 607 Burnett Farm Ln, Louisville, KY, 40243 generates $1,657/mo in rent, after a $1,615/mo payment. Total monthly income is $1,657/mo. Return on cash invested sits at 16.06% in year one, and rental yield is 6.03% on a $329,999 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 82.04% and total cumulative return in cash sums $89,746. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,657/mo property income rather than buyer’s personal income.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40243, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,312 (100%) |
| Owner Occupied HU | 3,776 (59.8%) |
| Renter Occupied HU | 1,979 (31.4%) |
| Vacant Housing Units | 557 ( 8.8%) |
| Median Home Value | $350,139 |
| Average Home Value | $364,129 |
Housing Distribution
Address Breakdown
Residential
6,074
Single Family
4,932
Multi-Family
1,142
Businesses
692
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Listed by: Cole Thompson • DREAM J P Pirtle REALTORS
Mls Name: GLARMLS
Mls ID: #1707708