1432 S 6th StLouisvilleKY40208
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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 1432 S 6th St, Louisville, KY, 40208 offers a 7.96% rental yield on a $250,000 purchase with $1,658/mo rent. Total monthly income registers $1,658/mo, and a $1,224/mo payment leaves $136/mo available for distribution. Annual cash flow reaches $1,633/yr on $82,875 to close, and return on cash invested stands at 21.88% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 113.33% and total cumulative return in cash at $93,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,658/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
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
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Listed by: Jacob M Mercier • RE/MAX Results
Mls Name: GLARMLS
Mls ID: #1704594