7309 Rainbow DrLouisvilleKY40272
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
Investment property for sale in Louisville at 7309 Rainbow Dr, Louisville, KY, 40272 uses $59,305 cash to close to unlock $3,190/yr annual cash flow and $266/mo monthly cash flow. Total monthly income runs $1,355/mo, and a $876/mo payment keeps the spread at $266/mo. Purchase price stands at $178,900, and rental yield measures 9.09% with $1,355/mo rent. Return on cash invested shows 25.29% in year one, and 5% annual appreciation builds toward $49,427 over five years. Five-year ROI reaches 131.56% and total cumulative return in cash records $78,019. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,355/mo property income covering a $876/mo payment rather than investor’s personal income.
Single Family
Built in 1955
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40272, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,140 (100%) |
| Owner Occupied HU | 10,670 (66.1%) |
| Renter Occupied HU | 4,203 (26.0%) |
| Vacant Housing Units | 1,267 ( 7.9%) |
| Median Home Value | $218,167 |
| Average Home Value | $275,954 |
Housing Distribution
Address Breakdown
Residential
15,885
Single Family
15,029
Multi-Family
856
Businesses
460
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jared Housier • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1699789