2322 W Chestnut StLouisvilleKY40211
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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 2322 W Chestnut St, Louisville, KY, 40211 priced at $579,000 converts $1,800/mo rent into after a $2,834/mo obligation. Total monthly income equals $1,800/mo. Return on cash invested prints 9.2% in year one, and rental yield reads 3.73% against a $579,000 entry. Equity gained on principal adds $3,736/yr, while 5% annual appreciation compiles into $159,967 by year five. Five-year ROI reaches 45.27% and total cumulative return in cash sums $86,239. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,800/mo property income covering a $2,834/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40211, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,561 (100%) |
| Owner Occupied HU | 3,874 (36.7%) |
| Renter Occupied HU | 4,802 (45.5%) |
| Vacant Housing Units | 1,885 (17.8%) |
| Median Home Value | $100,831 |
| Average Home Value | $221,276 |
Housing Distribution
Address Breakdown
Residential
9,321
Single Family
8,580
Multi-Family
741
Businesses
525
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Listed by: Jenny Perron • Exp Realty, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25007291
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.