Spruce Plan, Cedar CreekLouisvilleKY40229
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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 Spruce Plan, Cedar Creek, Louisville, KY, 40229 uses $110,386 cash to close to unlock $3,710/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $2,336/mo, and a $1,630/mo payment keeps the spread at $309/mo. Purchase price stands at $332,990, and rental yield measures 8.42% with $2,336/mo rent. Return on cash invested shows 23.27% in year one, and 5% annual appreciation builds toward $91,999 over five years. Five-year ROI reaches 120.77% and total cumulative return in cash records $133,309. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,336/mo property income covering a $1,630/mo payment rather than investor’s personal income.
Single Family
Built in 2026
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: N/A • Arbor Homes
Mls Name: Arbor Homes
Mls Provider:
Mls ID: #N/A