1236 S Floyd StLouisvilleKY40203
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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 1236 S Floyd St, Louisville, KY, 40203 priced at $285,000 converts $2,126/mo rent into $391/mo cash flow after a $1,395/mo obligation. Total monthly income equals $2,126/mo, and annual cash flow totals $4,696/yr on $94,478 invested. Return on cash invested prints 24.88% in year one, and rental yield reads 8.95% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 129.38% and total cumulative return in cash sums $122,238. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,126/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
5,227 sqft 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: Karan Singh • 85W Real Estate
Mls Name: GLARMLS
Mls ID: #1697073