9014 Split Willow DrLouisvilleKY40214
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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 9014 Split Willow Dr, Louisville, KY, 40214 uses $87,848 cash to close to unlock $7,575/yr annual cash flow and $631/mo monthly cash flow. Total monthly income runs $2,244/mo, and a $1,297/mo payment keeps the spread at $631/mo. Purchase price stands at $265,000, and rental yield measures 10.16% with $2,244/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 148.99% and total cumulative return in cash records $130,887. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,244/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Michael B Higdon • EXP Realty LLC
Mls Name: GLARMLS
Mls ID: #1695492