1118 Ash StLouisvilleKY40217
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
Investment property for sale in Louisville at 1118 Ash St, Louisville, KY, 40217 offers a 10.12% rental yield on a $249,500 purchase with $2,104/mo rent. Total monthly income registers $2,104/mo, and a $1,221/mo payment leaves $586/mo available for distribution. Annual cash flow reaches $7,028/yr on $82,709 to close, and return on cash invested stands at 28.41% in year one. Equity gained on principal adds $1,610/yr while 5% annual appreciation supports $68,932 over five years. Portfolio math shows five-year ROI at 148.29% and total cumulative return in cash at $122,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,104/mo property income against a $1,221/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40217, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,581 (50.8%) |
| Renter Occupied HU | 2,834 (40.2%) |
| Vacant Housing Units | 631 ( 9.0%) |
| Median Home Value | $235,736 |
| Average Home Value | $252,444 |
Housing Distribution
Address Breakdown
Residential
6,241
Single Family
5,340
Multi-Family
901
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Biery • Family Realty LLC
Mls Name: GLARMLS
Mls ID: #1691739