1337 S 1st St #3RLouisvilleKY40208
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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 1337 S 1st St #3R, Louisville, KY, 40208 offers a 10.47% rental yield on a $125,000 purchase with $1,091/mo rent. Total monthly income registers $1,091/mo, and a $612/mo payment leaves $330/mo available for distribution. Annual cash flow reaches $3,960/yr on $41,438 to close, and return on cash invested stands at 29.47% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 154.1% and total cumulative return in cash at $63,857. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,091/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1900
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40208, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,432 (100%) |
| Owner Occupied HU | 1,531 (20.6%) |
| Renter Occupied HU | 4,806 (64.7%) |
| Vacant Housing Units | 1,095 (14.7%) |
| Median Home Value | $197,091 |
| Average Home Value | $312,058 |
Housing Distribution
Address Breakdown
Residential
5,472
Single Family
4,033
Multi-Family
1,439
Businesses
409
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Listed by: Jacob M Mercier • RE/MAX Results
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1688210
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