8531 Aspen Glen WayLouisvilleKY40228
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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 8531 Aspen Glen Way, Louisville, KY, 40228 uses $59,637 cash to close to unlock $7,435/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $1,715/mo, and a $881/mo payment keeps the spread at $620/mo. Purchase price stands at $179,900, and rental yield measures 11.44% with $1,715/mo rent. Return on cash invested shows 32.38% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 169.58% and total cumulative return in cash records $101,133. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,715/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 2001
N/A 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: Casey A Perkins • Real Estate Go To
Mls Name: GLARMLS
Mls ID: #1702602