6807 Lake Elkhorn CtLouisvilleKY40291
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
Rental property for sale in Louisville at 6807 Lake Elkhorn Ct, Louisville, KY, 40291 generates $2,305/mo in rent and, after a $1,224/mo payment, leaves $783/mo in cash flow. Total monthly income is $2,305/mo, and annual cash flow is $9,397/yr on $82,875 invested. Return on cash invested sits at 31.25% in year one, and rental yield is 11.06% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 163.57% and total cumulative return in cash sums $135,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,305/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
7,405 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victor L Wolford • Weichert Realtors - ABG
Mls Name: GLARMLS
Mls ID: #1701725