7204 Greenlawn RdLouisvilleKY40222
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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 7204 Greenlawn Rd, Louisville, KY, 40222 offers a 8.41% rental yield on a $425,000 purchase with $2,978/mo rent. Total monthly income registers $2,978/mo, and a $2,080/mo payment leaves $392/mo available for distribution. Annual cash flow reaches $4,698/yr on $140,888 to close, and return on cash invested stands at 23.24% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 120.59% and total cumulative return in cash at $169,901. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,978/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40222, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,747 (100%) |
| Owner Occupied HU | 6,400 (54.5%) |
| Renter Occupied HU | 4,377 (37.3%) |
| Vacant Housing Units | 970 ( 8.3%) |
| Median Home Value | $379,410 |
| Average Home Value | $472,615 |
Housing Distribution
Address Breakdown
Residential
11,380
Single Family
8,068
Multi-Family
3,312
Businesses
1,245
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Listed by: Heather Spencer • Keller Williams Louisville East
Mls Name: GLARMLS
Mls ID: #1691702