1212 Queen AveLouisvilleKY40215
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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 1212 Queen Ave, Louisville, KY, 40215 generates $1,462/mo in rent and, after a $626/mo payment, leaves $684/mo in cash flow. Total monthly income is $1,462/mo, and annual cash flow is $8,203/yr on $42,399 invested. Return on cash invested sits at 39.26% in year one, and rental yield is 13.72% on a $127,900 entry. Equity gained on principal adds $825/yr, while 5% annual appreciation builds toward $35,336 over five years. Five-year ROI reaches 206.5% and total cumulative return in cash sums $87,555. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,462/mo property income rather than buyer’s personal income.
Multi Family
Built in 1934
5,662 sqft 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: Charlsie Fulmore • THINK Real Estate LLC
Mls Name: GLARMLS
Mls ID: #1705994