2006 Alexander AveLouisvilleKY40217
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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
Rental property for sale in Louisville at 2006 Alexander Ave, Louisville, KY, 40217 generates $1,771/mo in rent and, after a $1,214/mo payment, leaves $261/mo in cash flow. Total monthly income is $1,771/mo, and annual cash flow is $3,138/yr on $82,212 invested. Return on cash invested sits at 23.73% in year one, and rental yield is 8.57% on a $248,000 entry. Equity gained on principal adds $1,600/yr, while 5% annual appreciation builds toward $68,518 over five years. Five-year ROI reaches 123.2% and total cumulative return in cash sums $101,286. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,771/mo property income rather than buyer’s personal income.
Single Family
Built in 1922
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40217, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,581 (50.8%) |
| Renter Occupied HU | 2,834 (40.2%) |
| Vacant Housing Units | 631 ( 9.0%) |
| Median Home Value | $235,736 |
| Average Home Value | $252,444 |
Housing Distribution
Address Breakdown
Residential
6,241
Single Family
5,340
Multi-Family
901
Businesses
427
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Listed by: April Wood • Weichert Realtors - ABG
Mls Name: GLARMLS
Mls ID: #1701045