190 State StLouisvilleKY40206
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 190 State St, Louisville, KY, 40206 in Louisville at $345,000 earns $2,141/mo in rent and nets $41/mo after the $1,551/mo payment, a 7.45% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $95,317 over five years. Ziffy Mortgage underwrites this on a 1.38 DSCR without U.S. credit history. With $3,177/yr in principal paydown, total projected return reaches $133,341.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 6.2% |
| Monthly Cash Flow | $41 | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,141 |
| Total Monthly Debt Service | $1,962 |
| DSCR Ratio | 1.09x |
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 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
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 1900
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Adam Willis • Keller Williams Louisville East
Mls Name: GLARMLS
Mls ID: #1696666