122 E Oak St APT 3LouisvilleKY40203
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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 122 E Oak St APT 3, Louisville, KY, 40203 generates $1,100/mo in rent and, after a $612/mo payment, leaves $339/mo in cash flow. Total monthly income is $1,100/mo, and annual cash flow is $4,068/yr on $41,438 invested. Return on cash invested sits at 29.73% in year one, and rental yield is 10.56% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 155.49% and total cumulative return in cash sums $64,433. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,100/mo property income rather than buyer’s personal income.
Condo
Built in 1900
N/A 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: Adam Willis • Keller Williams Louisville East
Mls Name: GLARMLS
Mls ID: #1696451