8031 Aspen Green LnLouisvilleKY40291
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
Rental property for sale in Louisville at 8031 Aspen Green Ln, Louisville, KY, 40291 priced at $205,500 converts $1,413/mo rent into after a $1,006/mo obligation. Total monthly income equals $1,413/mo. Return on cash invested prints 18.25% in year one, and rental yield reads 8.25% against a $205,500 entry. Equity gained on principal adds $1,326/yr, while 5% annual appreciation compiles into $56,776 by year five. Five-year ROI reaches 95.54% and total cumulative return in cash sums $65,083. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,413/mo property income covering a $1,006/mo payment, not borrower’s personal income.
Condo
Built in 1998
1,742 sqft lot
$N/A/sqft
$3,073 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40291, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,491 (100%) |
| Owner Occupied HU | 12,581 (71.9%) |
| Renter Occupied HU | 3,939 (22.5%) |
| Vacant Housing Units | 971 ( 5.6%) |
| Median Home Value | $291,535 |
| Average Home Value | $322,862 |
Housing Distribution
Address Breakdown
Residential
17,713
Single Family
16,933
Multi-Family
780
Businesses
639
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Nearby investment properties with comparable prices
Listed by: Julie Gamble Condict • JPAR Aspire
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1686992
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