6507 Six Mile LnLouisvilleKY40218
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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 6507 Six Mile Ln, Louisville, KY, 40218 uses $74,588 cash to close to unlock $4,942/yr annual cash flow and $412/mo monthly cash flow. Total monthly income runs $1,781/mo, and a $1,101/mo payment keeps the spread at $412/mo. Purchase price stands at $225,000, and rental yield measures 9.5% with $1,781/mo rent. Return on cash invested shows 26.54% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 138.24% and total cumulative return in cash records $103,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,781/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1968
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40218, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 6,879 (47.5%) |
| Renter Occupied HU | 6,360 (43.9%) |
| Vacant Housing Units | 1,239 ( 8.6%) |
| Median Home Value | $209,730 |
| Average Home Value | $235,809 |
Housing Distribution
Address Breakdown
Residential
14,077
Single Family
10,571
Multi-Family
3,506
Businesses
1,315
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Listed by: Nancy Johnson • Keller Williams Louisville East
Mls Name: GLARMLS
Mls ID: #1697523