115 E Ormsby AveLouisvilleKY40203
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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 115 E Ormsby Ave, Louisville, KY, 40203 priced at $635,000 pairs $1,603/mo rent with after a $3,108/mo payment. Total monthly income equals $1,603/mo. Return on cash invested is 7.07% in year one, and rental yield stands at 3.03% on a $635,000 basis. Equity gained on principal adds $4,098/yr, and 5% annual appreciation accumulates to $175,439 by year five. Five-year ROI measures 33.82% and total cumulative return in cash reaches $70,664. For financing, Ziffy Mortgage’s DSCR program evaluates $1,603/mo property income against a $3,108/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
5,227 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: Anthony Raspberry • EOS Real Estate
Mls Name: GLARMLS
Mls ID: #1706766