2337 Magazine 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
Investment property for sale in Louisville at 2337 Magazine St, Louisville, KY, 40211 uses $43,095 cash to close to unlock $6,109/yr annual cash flow and $509/mo monthly cash flow. Total monthly income runs $1,300/mo, and a $636/mo payment keeps the spread at $509/mo. Purchase price stands at $130,000, and rental yield measures 12% with $1,300/mo rent. Return on cash invested shows 34.08% in year one, and 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 178.86% and total cumulative return in cash records $77,079. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,300/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1880
0.25 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: Sharon Y Gazaway-Bell • BellMan Realty LLC
Mls Name: GLARMLS
Mls ID: #1673200