6708 Island Pointe PlLouisvilleKY40258
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Total monthly income runs $1,224/mo, and a $1,199/mo payment. Purchase price stands at $245,000, and rental yield measures 6% with $1,224/mo rent. Return on cash invested shows 15.96% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 81.62% and total cumulative return in cash records $66,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,224/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40258, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,587 (100%) |
| Owner Occupied HU | 8,000 (69.0%) |
| Renter Occupied HU | 2,823 (24.4%) |
| Vacant Housing Units | 764 ( 6.6%) |
| Median Home Value | $190,738 |
| Average Home Value | $229,760 |
Housing Distribution
Address Breakdown
Residential
11,254
Single Family
10,720
Multi-Family
534
Businesses
463
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Ryan Cecil Group • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1691686