1204 Walter AveLouisvilleKY40215
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1204 Walter Ave, Louisville, KY, 40215 offers $1,433/mo rent that, after a $1,052/mo payment, leaves $125/mo cash flow. Total monthly income is $1,433/mo, and annual cash flow is $1,497/yr on $71,272 cash. Return on cash invested measures 22.01% in year one, and rental yield stands at 8% at a $214,999 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,400 by year five. Five-year ROI records 113.97% and total cumulative return in cash reaches $81,229. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,433/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40215, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,693 (100%) |
| Owner Occupied HU | 3,758 (38.8%) |
| Renter Occupied HU | 4,680 (48.3%) |
| Vacant Housing Units | 1,255 (12.9%) |
| Median Home Value | $112,450 |
| Average Home Value | $187,142 |
Housing Distribution
Address Breakdown
Residential
9,174
Single Family
8,590
Multi-Family
584
Businesses
308
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Listed by: Ricco R Hughes • G. Starks Realty Co.
Mls Name: GLARMLS
Mls ID: #1705541