120 W Ashland AveLouisvilleKY40214
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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 120 W Ashland Ave, Louisville, KY, 40214 listed at $191,500 pairs $1,603/mo rent with a $937/mo payment to leave $438/mo cash flow. Total monthly income runs $1,603/mo, and annual cash flow reaches $5,254/yr on $63,482 cash to close. Return on cash invested measures 28.18% in year one, and rental yield registers 10.04% at a $191,500 basis. Equity gained on principal adds $1,236/yr, and annual property appreciation at 5% supports $52,908 by year five. Five-year ROI tracks 147.07% and total cumulative return in cash totals $93,363. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,603/mo property income relative to a $937/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Teresa Verdecia • Real Estate Go To
Mls Name: GLARMLS
Mls ID: #1692859