220 S 38th StLouisvilleKY40212
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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
Investment property for sale in Louisville at 220 S 38th St, Louisville, KY, 40212 offers a 12% rental yield on a $197,600 purchase with $1,976/mo rent. Total monthly income registers $1,976/mo, and a $967/mo payment leaves $774/mo available for distribution. Annual cash flow reaches $9,282/yr on $65,504 to close, and return on cash invested stands at 34.08% in year one. Equity gained on principal adds $1,275/yr while 5% annual appreciation supports $54,593 over five years. Portfolio math shows five-year ROI at 178.74% and total cumulative return in cash at $117,082. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,976/mo property income against a $967/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40212, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,732 (100%) |
| Owner Occupied HU | 2,914 (37.7%) |
| Renter Occupied HU | 3,509 (45.4%) |
| Vacant Housing Units | 1,309 (16.9%) |
| Median Home Value | $82,928 |
| Average Home Value | $188,089 |
Housing Distribution
Address Breakdown
Residential
6,963
Single Family
6,709
Multi-Family
254
Businesses
262
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Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #1702705