112 Dr W J Hodge StLouisvilleKY40203
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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
Rental property for sale in Louisville at 112 Dr W J Hodge St, Louisville, KY, 40203 priced at $105,000 converts $815/mo rent into $176/mo cash flow after a $514/mo obligation. Total monthly income equals $815/mo, and annual cash flow totals $2,110/yr on $34,808 invested. Return on cash invested prints 25.97% in year one, and rental yield reads 9.31% against a $105,000 entry. Equity gained on principal adds $678/yr, while 5% annual appreciation compiles into $29,010 by year five. Five-year ROI reaches 135.25% and total cumulative return in cash sums $47,078. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $815/mo property income covering a $514/mo payment, not borrower’s personal income.
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40203, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 1,654 (17.2%) |
| Renter Occupied HU | 6,241 (64.7%) |
| Vacant Housing Units | 1,747 (18.1%) |
| Median Home Value | $190,071 |
| Average Home Value | $281,443 |
Housing Distribution
Address Breakdown
Residential
9,327
Single Family
5,367
Multi-Family
3,960
Businesses
828
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Listed by: Billy Jordan • Totally About Houses
Mls Name: GLARMLS
Mls ID: #1705566