Miles Plan, The Estates and Meadows at Floyds ForkLouisvilleKY40245
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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
Rental property for sale in Louisville at Miles Plan, The Estates and Meadows at Floyds Fork, Louisville, KY, 40245 offers $3,383/mo rent that, after a $2,308/mo payment, leaves $513/mo cash flow. Total monthly income is $3,383/mo, and annual cash flow is $6,158/yr on $156,299 cash. Return on cash invested measures 23.85% in year one, and rental yield stands at 8.61% at a $471,490 entry. Equity gained on principal adds $3,042/yr while 5% annual appreciation compounds into $130,264 by year five. Five-year ROI records 123.85% and total cumulative return in cash reaches $193,581. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,383/mo property income versus a $2,308/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40245, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,773 (100%) |
| Owner Occupied HU | 11,704 (74.2%) |
| Renter Occupied HU | 3,085 (19.6%) |
| Vacant Housing Units | 984 ( 6.2%) |
| Median Home Value | $435,976 |
| Average Home Value | $469,049 |
Housing Distribution
Address Breakdown
Residential
16,147
Single Family
14,505
Multi-Family
1,642
Businesses
369
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Listed by: N/A • Fischer Homes
Mls Name: Fischer Homes
Mls ID: #N/A