1022 S 3rd StLouisvilleKY40203
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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 1022 S 3rd St, Louisville, KY, 40203 earns $906/mo cash flow from $3,341/mo rent with a $1,958/mo payment. Total monthly income totals $3,341/mo, and annual cash flow totals $10,876/yr on $132,600 capital. ROI tracks 28.11% on current figures, and rental yield reads 10.02% at a $400,000 purchase. Equity gained on principal adds $2,581/yr, and 5% annual appreciation supports $110,513 over five years. Five-year ROI reaches 146.71% and total cumulative return in cash sums $194,536. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,341/mo property income instead of your personal income.
Single Family
Built in 1888
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40203, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 1,654 (17.2%) |
| Renter Occupied HU | 6,241 (64.7%) |
| Vacant Housing Units | 1,747 (18.1%) |
| Median Home Value | $190,071 |
| Average Home Value | $281,443 |
Housing Distribution
Address Breakdown
Residential
9,327
Single Family
5,367
Multi-Family
3,960
Businesses
828
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Listed by: George Green • Green Team Real Estate Services
Mls Name: GLARMLS
Mls ID: #1701497