1407 E Washington StLouisvilleKY40206
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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 1407 E Washington St, Louisville, KY, 40206 offers a 6.05% rental yield on a $258,500 purchase with $1,303/mo rent. 13% in year one. Equity gained on principal adds $1,668/yr while 5% annual appreciation supports $71,419 over five years. Portfolio math shows five-year ROI at 82.43% and total cumulative return in cash at $70,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,303/mo property income against a $1,265/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
2,178 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
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Listed by: Nicole Ferreri • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1701746