7005 Green Spring DrGreen SpringKY40241
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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 Green Spring at 7005 Green Spring Dr, Green Spring, KY, 40241 earns $525/mo cash flow from $3,203/mo rent with a $2,154/mo payment. Total monthly income totals $3,203/mo, and annual cash flow totals $6,296/yr on $145,860 capital. ROI tracks 24.23% on current figures, and rental yield reads 8.74% at a $440,000 purchase. Equity gained on principal adds $2,839/yr, and 5% annual appreciation supports $121,564 over five years. Five-year ROI reaches 125.86% and total cumulative return in cash sums $183,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,203/mo property income instead of your personal income.
Single Family
Built in 1973
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40241, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,271 (100%) |
| Owner Occupied HU | 9,141 (64.1%) |
| Renter Occupied HU | 4,044 (28.3%) |
| Vacant Housing Units | 1,086 ( 7.6%) |
| Median Home Value | $378,309 |
| Average Home Value | $415,550 |
Housing Distribution
Address Breakdown
Residential
14,216
Single Family
11,276
Multi-Family
2,940
Businesses
686
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Listed by: Patti P Maddox • Gant Hill & Associates, LLC
Mls Name: GLARMLS
Mls ID: #1696779