1238 Belmar DrLouisvilleKY40213
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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
Investment property for sale in Louisville at 1238 Belmar Dr, Louisville, KY, 40213 uses $65,902 cash to close to unlock $5,905/yr annual cash flow and $492/mo monthly cash flow. Total monthly income runs $1,702/mo, and a $973/mo payment keeps the spread at $492/mo. Purchase price stands at $198,800, and rental yield measures 10.27% with $1,702/mo rent. Return on cash invested shows 28.87% in year one, and 5% annual appreciation builds toward $54,925 over five years. Five-year ROI reaches 150.83% and total cumulative return in cash records $99,399. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,702/mo property income covering a $973/mo payment rather than investor’s personal income.
Single Family
Built in 1917
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40213, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,522 (100%) |
| Owner Occupied HU | 4,211 (56.0%) |
| Renter Occupied HU | 2,733 (36.3%) |
| Vacant Housing Units | 578 ( 7.7%) |
| Median Home Value | $204,545 |
| Average Home Value | $258,518 |
Housing Distribution
Address Breakdown
Residential
7,568
Single Family
7,172
Multi-Family
396
Businesses
863
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Listed by: The NextGen Group • RE/MAX Empire
Mls Name: GLARMLS
Mls ID: #1698099