7415 Kort WayLouisvilleKY40220
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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
Rental property for sale in Louisville at 7415 Kort Way, Louisville, KY, 40220 priced at $385,000 converts $2,795/mo rent into $437/mo cash flow after a $1,884/mo obligation. Total monthly income equals $2,795/mo, and annual cash flow totals $5,247/yr on $127,628 invested. Return on cash invested prints 24.02% in year one, and rental yield reads 8.71% against a $385,000 entry. Equity gained on principal adds $2,484/yr, while 5% annual appreciation compiles into $106,368 by year five. Five-year ROI reaches 124.82% and total cumulative return in cash sums $159,310. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,795/mo property income covering a $1,884/mo payment, not borrower’s personal income.
Single Family
Built in 1989
9,500 sqft lot
$N/A/sqft
$15 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40220, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 9,534 (59.2%) |
| Renter Occupied HU | 5,515 (34.2%) |
| Vacant Housing Units | 1,054 ( 6.5%) |
| Median Home Value | $259,893 |
| Average Home Value | $287,329 |
Housing Distribution
Address Breakdown
Residential
15,639
Single Family
12,305
Multi-Family
3,334
Businesses
603
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