1008 S 40th StLouisvilleKY40211
Nearby investment properties with comparable rents
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
Investment property for sale in Louisville at 1008 S 40th St, Louisville, KY, 40211 uses $44,753 cash to close to unlock $1,393/yr annual cash flow and $116/mo monthly cash flow. Total monthly income runs $938/mo, and a $661/mo payment keeps the spread at $116/mo. Purchase price stands at $135,000, and rental yield measures 8.34% with $938/mo rent. Return on cash invested shows 23.02% in year one, and 5% annual appreciation builds toward $37,298 over five years. Five-year ROI reaches 119.51% and total cumulative return in cash records $53,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $938/mo property income covering a $661/mo payment rather than investor’s personal income.
Single Family
Built in 1925
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40211, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,561 (100%) |
| Owner Occupied HU | 3,874 (36.7%) |
| Renter Occupied HU | 4,802 (45.5%) |
| Vacant Housing Units | 1,885 (17.8%) |
| Median Home Value | $100,831 |
| Average Home Value | $221,276 |
Housing Distribution
Address Breakdown
Residential
9,321
Single Family
8,580
Multi-Family
741
Businesses
525
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deondrea S Robinson • Noir Realty KY LLC
Mls Name: GLARMLS
Mls ID: #1704288