1407/1409 E Washington StLouisvilleKY40206
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
Rental property for sale in Louisville at 1407/1409 E Washington St, Louisville, KY, 40206 generates $1,795/mo in rent, after a $2,437/mo payment. Total monthly income is $1,795/mo. Return on cash invested sits at 10.93% in year one, and rental yield is 4.33% on a $498,000 entry. Equity gained on principal adds $3,214/yr, while 5% annual appreciation builds toward $137,588 over five years. Five-year ROI reaches 54.56% and total cumulative return in cash sums $90,064. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,795/mo property income rather than buyer’s personal income.
Multi Family
Built in 1880
0.09 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Ferreri • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1701748