8414 Elsie CtLouisvilleKY40228
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 8414 Elsie Ct, Louisville, KY, 40228 priced at $169,950 pairs $1,502/mo rent with $272/mo cash flow after a $832/mo payment. Total monthly income equals $1,502/mo, and annual cash flow comes to $3,270/yr on $56,338 invested. Return on cash invested is 25.71% in year one, and rental yield stands at 10.61% on a $169,950 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,954 by year five. Five-year ROI measures 135.39% and total cumulative return in cash reaches $76,277. For financing, Ziffy Mortgage’s DSCR program evaluates $1,502/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1997
N/A lot
$N/A/sqft
$2,340 annually 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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Nearby investment properties with comparable prices
Listed by: Jim Russell • Jim Russell Realtors
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1684548
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