1228 Cherokee RdLouisvilleKY40204
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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 1228 Cherokee Rd, Louisville, KY, 40204 offers $2,489/mo rent that, after a $3,597/mo payment. Total monthly income is $2,489/mo. Return on cash invested measures 10.22% in year one, and rental yield stands at 4.06% at a $735,000 entry. Equity gained on principal adds $4,743/yr while 5% annual appreciation compounds into $203,067 by year five. Five-year ROI records 50.7% and total cumulative return in cash reaches $122,604. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,489/mo property income versus a $3,597/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
6,600 sqft 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 Shown • Semonin REALTORS
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1686255
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