1406 Lillian AveLouisvilleKY40208
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1406 Lillian Ave, Louisville, KY, 40208 offers a 10% rental yield on a $169,900 purchase with $1,416/mo rent. Total monthly income registers $1,416/mo, and a $832/mo payment leaves $382/mo available for distribution. Annual cash flow reaches $4,578/yr on $56,322 to close, and return on cash invested stands at 28.04% in year one. Equity gained on principal adds $1,096/yr while 5% annual appreciation supports $46,940 over five years. Portfolio math shows five-year ROI at 146.35% and total cumulative return in cash at $82,430. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,416/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
4,356 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tammy Cole • Genesis Realty LLC
Mls Name: GLARMLS
Mls ID: #1706765