1140 S 1st St APT 6LouisvilleKY40203
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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 1140 S 1st St APT 6, Louisville, KY, 40203 uses $43,095 cash to close to unlock $5,569/yr annual cash flow and $464/mo monthly cash flow. Total monthly income runs $1,255/mo, and a $636/mo payment keeps the spread at $464/mo. Purchase price stands at $130,000, and rental yield measures 11.58% with $1,255/mo rent. Return on cash invested shows 32.83% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 172.09% and total cumulative return in cash records $74,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,255/mo property income covering a $636/mo payment rather than investor’s personal income.
Condo
Built in 1900
N/A 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: Michael Mawood • RE/MAX Results
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1678392
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