1409 Thornberry AveLouisvilleKY40215
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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
Rental property for sale in Louisville at 1409 Thornberry Ave, Louisville, KY, 40215 generates $1,306/mo in rent and, after a $820/mo payment, leaves $286/mo in cash flow. Total monthly income is $1,306/mo, and annual cash flow is $3,437/yr on $55,526 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.36% on a $167,500 entry. Equity gained on principal adds $1,081/yr, while 5% annual appreciation builds toward $46,277 over five years. Five-year ROI reaches 135.96% and total cumulative return in cash sums $75,496. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,306/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40215, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,693 (100%) |
| Owner Occupied HU | 3,758 (38.8%) |
| Renter Occupied HU | 4,680 (48.3%) |
| Vacant Housing Units | 1,255 (12.9%) |
| Median Home Value | $112,450 |
| Average Home Value | $187,142 |
Housing Distribution
Address Breakdown
Residential
9,174
Single Family
8,590
Multi-Family
584
Businesses
308
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Listed by: Gilbert Zaldivar • ZHomes Real Estate
Mls Name: GLARMLS
Mls ID: #1693726