1416 Willow Ave APT 3BLouisvilleKY40204
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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
Total monthly income runs $1,619/mo, and a $3,911/mo payment. Purchase price stands at $799,000, and rental yield measures 2.43% with $1,619/mo rent. Return on cash invested shows 5.25% in year one, and 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 24.06% and total cumulative return in cash records $63,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,619/mo property income covering a $3,911/mo payment rather than investor’s personal income.
Condo
Built in 1920
N/A 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: Bass + Bringardner Team • Lenihan Sotheby's Int'l Realty
Mls Name: GLARMLS
Mls ID: #1708030