228 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
Rental property for sale in Louisville at 228 E Magnolia Ave, Louisville, KY, 40208 generates $2,437/mo in rent and, after a $1,730/mo payment, leaves $286/mo in cash flow. Total monthly income is $2,437/mo, and annual cash flow is $3,429/yr on $117,185 invested. Return on cash invested sits at 22.84% in year one, and rental yield is 8.27% on a $353,500 entry. Equity gained on principal adds $2,281/yr, while 5% annual appreciation builds toward $97,666 over five years. Five-year ROI reaches 118.4% and total cumulative return in cash sums $138,753. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,437/mo property income rather than buyer’s personal income.
Single Family
Built in 1905
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: Sophia E O'Coffey • RE/MAX FIRST
Mls Name: GLARMLS
Mls ID: #1699417