215 E Southern Heights AveLouisvilleKY40209
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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 215 E Southern Heights Ave, Louisville, KY, 40209 generates $862/mo in rent, after a $827/mo payment. Total monthly income is $862/mo. Return on cash invested sits at 16.34% in year one, and rental yield is 6.12% on a $169,000 entry. Equity gained on principal adds $1,091/yr, while 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 83.61% and total cumulative return in cash sums $46,843. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $862/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: 40209, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 210 (100%) |
| Owner Occupied HU | 76 (36.2%) |
| Renter Occupied HU | 81 (38.6%) |
| Vacant Housing Units | 53 (25.2%) |
| Median Home Value | $158,929 |
| Average Home Value | $254,267 |
Housing Distribution
Address Breakdown
Residential
150
Single Family
150
Multi-Family
0
Businesses
350
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Listed by: Jersenia Patterson • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1682676
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