1116 Dresden AveLouisvilleKY40215
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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 1116 Dresden Ave, Louisville, KY, 40215 earns $60/mo cash flow from $1,091/mo rent with a $829/mo payment. Total monthly income totals $1,091/mo, and annual cash flow totals $722/yr on $56,156 capital. ROI tracks 21.19% on current figures, and rental yield reads 7.73% at a $169,400 purchase. Equity gained on principal adds $1,093/yr, and 5% annual appreciation supports $46,802 over five years. Five-year ROI reaches 109.69% and total cumulative return in cash sums $61,597. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,091/mo property income instead of your personal income.
Single Family
Built in 1937
4,356 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: Fabiola Lewis • Americus Realty Group
Mls Name: GLARMLS
Mls ID: #1697665