1103 Lincoln AveLouisvilleKY40208
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 1103 Lincoln Ave, Louisville, KY, 40208 generates $754/mo in rent and, after a $489/mo payment, leaves $146/mo in cash flow. Total monthly income is $754/mo, and annual cash flow is $1,750/yr on $33,150 invested. Return on cash invested sits at 25.19% in year one, and rental yield is 9.05% on a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 131.02% and total cumulative return in cash sums $43,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $754/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
3,484 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jeff Hurst • simpler.realestate
Mls Name: GLARMLS
Mls ID: #1708034