1023 Lincoln AveLouisvilleKY40208
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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 1023 Lincoln Ave, Louisville, KY, 40208 earns $568/mo cash flow from $1,535/mo rent with a $778/mo payment. Total monthly income totals $1,535/mo, and annual cash flow totals $6,810/yr on $52,709 capital. ROI tracks 32.83% on current figures, and rental yield reads 11.58% at a $159,000 purchase. Equity gained on principal adds $1,026/yr, and 5% annual appreciation supports $43,929 over five years. Five-year ROI reaches 172.02% and total cumulative return in cash sums $90,672. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,535/mo property income instead of your personal income.
Single Family
Built in 1925
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40208, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,432 (100%) |
| Owner Occupied HU | 1,531 (20.6%) |
| Renter Occupied HU | 4,806 (64.7%) |
| Vacant Housing Units | 1,095 (14.7%) |
| Median Home Value | $197,091 |
| Average Home Value | $312,058 |
Housing Distribution
Address Breakdown
Residential
5,472
Single Family
4,033
Multi-Family
1,439
Businesses
409
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Listed by: Hallie D Muldoon • EOS Real Estate
Mls Name: GLARMLS
Mls ID: #1700793