219 Pennsylvania AveLouisvilleKY40206
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
Investment Highlights
Rental property for sale in Louisville at 219 Pennsylvania Ave, Louisville, KY, 40206 priced at $314,900 converts $1,532/mo rent into after a $1,541/mo obligation. Total monthly income equals $1,532/mo. Return on cash invested prints 15.49% in year one, and rental yield reads 5.84% against a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation compiles into $87,001 by year five. Five-year ROI reaches 79.03% and total cumulative return in cash sums $82,498. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,532/mo property income covering a $1,541/mo payment, not borrower’s personal income.
Single Family
Built in 1928
7,405 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: Tyler Smith • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1702692