1601 Clara 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
Investment property for sale in Louisville at 1601 Clara Ave, Louisville, KY, 40215 uses $53,007 cash to close to unlock $4,517/yr annual cash flow and $376/mo monthly cash flow. Total monthly income runs $1,350/mo, and a $783/mo payment keeps the spread at $376/mo. Purchase price stands at $159,900, and rental yield measures 10.13% with $1,350/mo rent. Return on cash invested shows 28.43% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 148.45% and total cumulative return in cash records $78,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,350/mo property income covering a $783/mo payment rather than investor’s personal income.
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
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Listed by: Kristi Jackson • DREAM J P Pirtle REALTORS
Mls Name: GLARMLS
Mls ID: #1708439