1200 E BroadwayLouisvilleKY40204
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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 1200 E Broadway, Louisville, KY, 40204 generates $2,245/mo in rent, after a $7,310/mo payment. Total monthly income is $2,245/mo. Return on cash invested sits at 3.4% in year one, and rental yield is 1.8% on a $1,493,500 entry. Equity gained on principal adds $9,637/yr, while 5% annual appreciation builds toward $412,627 over five years. Five-year ROI reaches 14.06% and total cumulative return in cash sums $68,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,245/mo property income rather than buyer’s personal income.
Apartment
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40204, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,122 (100%) |
| Owner Occupied HU | 3,870 (42.4%) |
| Renter Occupied HU | 4,128 (45.3%) |
| Vacant Housing Units | 1,124 (12.3%) |
| Median Home Value | $375,121 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
8,062
Single Family
6,413
Multi-Family
1,649
Businesses
828
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Listed by: Jenny Johnston • PRG Commercial Property Advisors
Mls Name: GLARMLS
Mls ID: #1686354