9303 Stonestreet Rd UNIT 214LouisvilleKY40272
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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 9303 Stonestreet Rd UNIT 214, Louisville, KY, 40272 offers a 9.36% rental yield on a $149,000 purchase with $1,162/mo rent. Total monthly income registers $1,162/mo, and a $729/mo payment leaves $255/mo available for distribution. Annual cash flow reaches $3,065/yr on $49,394 to close, and return on cash invested stands at 26.11% in year one. Equity gained on principal adds $961/yr while 5% annual appreciation supports $41,166 over five years. Portfolio math shows five-year ROI at 136.03% and total cumulative return in cash at $67,192. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,162/mo property income against a $729/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40272, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,140 (100%) |
| Owner Occupied HU | 10,670 (66.1%) |
| Renter Occupied HU | 4,203 (26.0%) |
| Vacant Housing Units | 1,267 ( 7.9%) |
| Median Home Value | $218,167 |
| Average Home Value | $275,954 |
Housing Distribution
Address Breakdown
Residential
15,885
Single Family
15,029
Multi-Family
856
Businesses
460
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Listed by: Eric Scroggin • RE/MAX Results
Mls Name: GLARMLS
Mls ID: #1705273