6704 Renate RdLouisvilleKY40291
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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 6704 Renate Rd, Louisville, KY, 40291 generates $1,436/mo in rent, after a $1,309/mo payment. Total monthly income is $1,436/mo. Return on cash invested sits at 17.31% in year one, and rental yield is 6.44% on a $267,500 entry. Equity gained on principal adds $1,726/yr, while 5% annual appreciation builds toward $73,905 over five years. Five-year ROI reaches 88.82% and total cumulative return in cash sums $78,764. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,436/mo property income rather than buyer’s personal income.
Condo
Built in 2013
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40291, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,491 (100%) |
| Owner Occupied HU | 12,581 (71.9%) |
| Renter Occupied HU | 3,939 (22.5%) |
| Vacant Housing Units | 971 ( 5.6%) |
| Median Home Value | $291,535 |
| Average Home Value | $322,862 |
Housing Distribution
Address Breakdown
Residential
17,713
Single Family
16,933
Multi-Family
780
Businesses
639
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Listed by: J. Michael Brown • On The Move REALTORS, Inc.
Mls Name: GLARMLS
Mls ID: #1702260