1016 Hamilton AveLouisvilleKY40204
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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 1016 Hamilton Ave, Louisville, KY, 40204 with 5% annual appreciation on a $132,000 basis while $1,230/mo rent supports operations. Total monthly income totals $1,230/mo and a $646/mo payment preserves $427/mo for cash returns. Annual cash flow comes to $5,120/yr on $43,758 deployed, and return on cash invested reaches 31.61% in year one. Equity gained on principal adds $852/yr, and five-year appreciation sums $36,469 alongside rental yield of 11.18%. Five-year ROI measures 165.49% and total cumulative return in cash totals $72,415.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,230/mo property income versus a $646/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40204, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,122 (100%) |
| Owner Occupied HU | 3,870 (42.4%) |
| Renter Occupied HU | 4,128 (45.3%) |
| Vacant Housing Units | 1,124 (12.3%) |
| Median Home Value | $375,121 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
8,062
Single Family
6,413
Multi-Family
1,649
Businesses
828
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Listed by: Brian Holder • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1671191
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