1608 Beechwood Ave APT 6LouisvilleKY40204
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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 1608 Beechwood Ave APT 6, Louisville, KY, 40204 offers a 10.63% rental yield on a $145,000 purchase with $1,284/mo rent. Total monthly income registers $1,284/mo, and a $710/mo payment leaves $401/mo available for distribution. Annual cash flow reaches $4,815/yr on $48,068 to close, and return on cash invested stands at 29.93% in year one. Equity gained on principal adds $936/yr while 5% annual appreciation supports $40,061 over five years. Portfolio math shows five-year ROI at 156.5% and total cumulative return in cash at $75,224. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,284/mo property income against a $710/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1905
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: Angela J Wells • Coldwell Banker McMahan
Mls Name: GLARMLS
Mls ID: #1705569