109 E Garrett StLouisvilleKY40214
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 109 E Garrett St, Louisville, KY, 40214 priced at $135,000 pairs $1,091/mo rent with $269/mo cash flow after a $661/mo payment. Total monthly income equals $1,091/mo, and annual cash flow comes to $3,229/yr on $44,753 invested. Return on cash invested is 27.13% in year one, and rental yield stands at 9.7% on a $135,000 basis. Equity gained on principal adds $871/yr, and 5% annual appreciation accumulates to $37,298 by year five. Five-year ROI measures 141.53% and total cumulative return in cash reaches $63,337. For financing, Ziffy Mortgage’s DSCR program evaluates $1,091/mo property income against a $661/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1925
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Nicole Ferreri • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1702304