1338 Morton AveLouisvilleKY40204
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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 1338 Morton Ave, Louisville, KY, 40204 offers a 6.26% rental yield on a $400,000 purchase with $2,086/mo rent. 75% in year one. Equity gained on principal adds $2,581/yr while 5% annual appreciation supports $110,513 over five years. Portfolio math shows five-year ROI at 85.81% and total cumulative return in cash at $113,788. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,086/mo property income against a $1,958/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1900
3,920 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: Beth Schilling • Lenihan Sotheby's International Realty
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1689475
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