224 E Magnolia AveLouisvilleKY40208
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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 224 E Magnolia Ave, Louisville, KY, 40208 with 5% annual appreciation on a $325,000 basis while $2,259/mo rent supports operations. Total monthly income totals $2,259/mo and a $1,591/mo payment preserves $281/mo for cash returns. Annual cash flow comes to $3,369/yr on $107,738 deployed, and return on cash invested reaches 23.04% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 8.34%. Five-year ROI measures 119.48% and total cumulative return in cash totals $128,725.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,259/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1906
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40208, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,432 (100%) |
| Owner Occupied HU | 1,531 (20.6%) |
| Renter Occupied HU | 4,806 (64.7%) |
| Vacant Housing Units | 1,095 (14.7%) |
| Median Home Value | $197,091 |
| Average Home Value | $312,058 |
Housing Distribution
Address Breakdown
Residential
5,472
Single Family
4,033
Multi-Family
1,439
Businesses
409
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Listed by: Michelle E Kurland • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1692463