222 E Witherspoon St UNIT 1102LouisvilleKY40202
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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
Investment property for sale in Louisville at 222 E Witherspoon St UNIT 1102, Louisville, KY, 40202 offers a 3.4% rental yield on a $800,000 purchase with $2,270/mo rent. 21% in year one. Equity gained on principal adds $5,162/yr while 5% annual appreciation supports $221,025 over five years. Portfolio math shows five-year ROI at 39.93% and total cumulative return in cash at $105,104. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,270/mo property income against a $3,916/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2004
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40202, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 299 ( 7.2%) |
| Renter Occupied HU | 3,007 (72.2%) |
| Vacant Housing Units | 857 (20.6%) |
| Median Home Value | $357,895 |
| Average Home Value | $424,010 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
1,023
Multi-Family
2,743
Businesses
1,588
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Listed by: Olivia Eberenz Goodwin • Lenihan Sotheby's Int'l Realty
Mls Name: GLARMLS
Mls ID: #1705944