8011 Cortland DrLouisvilleKY40228
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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 8011 Cortland Dr, Louisville, KY, 40228 uses $106,047 cash to close to unlock $11,913/yr annual cash flow and $993/mo monthly cash flow. Total monthly income runs $2,940/mo, and a $1,566/mo payment keeps the spread at $993/mo. Purchase price stands at $319,900, and rental yield measures 11.03% with $2,940/mo rent. Return on cash invested shows 31.14% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 162.95% and total cumulative return in cash records $172,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,940/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1973
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40228, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 6,015 (68.4%) |
| Renter Occupied HU | 2,430 (27.6%) |
| Vacant Housing Units | 352 ( 4.0%) |
| Median Home Value | $267,381 |
| Average Home Value | $286,167 |
Housing Distribution
Address Breakdown
Residential
8,368
Single Family
8,108
Multi-Family
260
Businesses
343
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Listed by: Nick Johnson • DREAM J P Pirtle REALTORS
Mls Name: GLARMLS
Mls ID: #1705942