1042 S Shelby StLouisvilleKY40203
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
Rental property for sale in Louisville at 1042 S Shelby St, Louisville, KY, 40203 generates $1,283/mo in rent and, after a $978/mo payment, leaves $67/mo in cash flow. Total monthly income is $1,283/mo, and annual cash flow is $801/yr on $66,267 invested. Return on cash invested sits at 21.12% in year one, and rental yield is 7.7% on a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 109.18% and total cumulative return in cash sums $72,349. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,283/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhonda Palazzo • Palazzo REALTORS, LLC
Mls Name: GLARMLS
Mls ID: #1705544