1320 Morgan AveLouisvilleKY40213
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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 1320 Morgan Ave, Louisville, KY, 40213 offers a 7.6% rental yield on a $284,900 purchase with $1,804/mo rent. Total monthly income registers $1,804/mo, and a $1,394/mo payment leaves $70/mo available for distribution. Annual cash flow reaches $846/yr on $94,444 to close, and return on cash invested stands at 20.8% in year one. Equity gained on principal adds $1,838/yr while 5% annual appreciation supports $78,713 over five years. Portfolio math shows five-year ROI at 107.52% and total cumulative return in cash at $101,543. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,804/mo property income against a $1,394/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1920
0.32 Acres 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: Shaun S Wallace • 1 Percent Lists Purple Door
Mls Name: GLARMLS
Mls ID: #1694798