1481 S 2nd 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
Total monthly income runs $1,715/mo, and a $3,876/mo payment. Purchase price stands at $792,000, and rental yield measures 2.6% with $1,715/mo rent. Return on cash invested shows 5.76% in year one, and 5% annual appreciation builds toward $218,815 over five years. Five-year ROI reaches 26.81% and total cumulative return in cash records $69,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,715/mo property income covering a $3,876/mo payment rather than investor’s personal income.
Apartment
Built in 1905
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: Reed B Weinberg • PRG Commercial Property Advisors
Mls Name: GLARMLS
Mls ID: #1706908