LOT 16 Brookley PlLouisvilleKY40229
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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 LOT 16 Brookley Pl, Louisville, KY, 40229 offers $1,306/mo rent that, after a $1,027/mo payment, leaves $29/mo cash flow. Total monthly income is $1,306/mo, and annual cash flow is $346/yr on $69,582 cash. Return on cash invested measures 20.41% in year one, and rental yield stands at 7.47% at a $209,900 entry. Equity gained on principal adds $1,354/yr while 5% annual appreciation compounds into $57,992 by year five. Five-year ROI records 105.38% and total cumulative return in cash reaches $73,328. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,306/mo property income versus a $1,027/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Craig Mayer • Mayer REALTORS
Mls Name: GLARMLS
Mls ID: #1701355