2348 Fleet AveLouisvilleKY40217
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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 2348 Fleet Ave, Louisville, KY, 40217 uses $112,379 cash to close to unlock $7,620/yr annual cash flow and $635/mo monthly cash flow. Total monthly income runs $2,698/mo, and a $1,659/mo payment keeps the spread at $635/mo. Purchase price stands at $339,000, and rental yield measures 9.55% with $2,698/mo rent. Return on cash invested shows 26.69% in year one, and 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 139.1% and total cumulative return in cash records $156,316. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,698/mo property income covering a $1,659/mo payment rather than investor’s personal income.
Single Family
Built in 1949
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40217, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,581 (50.8%) |
| Renter Occupied HU | 2,834 (40.2%) |
| Vacant Housing Units | 631 ( 9.0%) |
| Median Home Value | $235,736 |
| Average Home Value | $252,444 |
Housing Distribution
Address Breakdown
Residential
6,241
Single Family
5,340
Multi-Family
901
Businesses
427
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Listed by: Nathan Garrett • Coldwell Banker McMahan
Mls Name: GLARMLS
Mls ID: #1697418