1113 Longfield AveLouisvilleKY40215
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 1113 Longfield Ave, Louisville, KY, 40215 priced at $191,900 pairs $1,543/mo rent with $375/mo cash flow after a $939/mo payment. Total monthly income equals $1,543/mo, and annual cash flow comes to $4,504/yr on $63,615 invested. Return on cash invested is 26.99% in year one, and rental yield stands at 9.65% on a $191,900 basis. Equity gained on principal adds $1,238/yr, and 5% annual appreciation accumulates to $53,018 by year five. Five-year ROI measures 140.74% and total cumulative return in cash reaches $89,529. For financing, Ziffy Mortgage’s DSCR program evaluates $1,543/mo property income against a $939/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40215, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,693 (100%) |
| Owner Occupied HU | 3,758 (38.8%) |
| Renter Occupied HU | 4,680 (48.3%) |
| Vacant Housing Units | 1,255 (12.9%) |
| Median Home Value | $112,450 |
| Average Home Value | $187,142 |
Housing Distribution
Address Breakdown
Residential
9,174
Single Family
8,590
Multi-Family
584
Businesses
308
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Listed by: Shaun S Wallace • 1 Percent Lists Purple Door
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1675631
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