1600 Thornberry AveLouisvilleKY40215
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $110,000, 1600 Thornberry Ave, Louisville, KY, 40215 in Louisville generates $830/mo in rent (9.05% yield) but nets only $161/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.68) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $30,391. Total projected return: $51,961.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.2% |
| Monthly Cash Flow | $161 | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $830 |
| Total Monthly Debt Service | $626 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1950
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1950
5,662 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ethan J Adams • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1704529