2353 Dorma 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 2353 Dorma Ave, Louisville, KY, 40217 earns $544/mo cash flow from $2,054/mo rent with a $1,214/mo payment. Total monthly income totals $2,054/mo, and annual cash flow totals $6,534/yr on $82,212 capital. ROI tracks 27.86% on current figures, and rental yield reads 9.94% at a $248,000 purchase. Equity gained on principal adds $1,600/yr, and 5% annual appreciation supports $68,518 over five years. Five-year ROI reaches 145.34% and total cumulative return in cash sums $119,490. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,054/mo property income instead of your personal income.
Single Family
Built in 1923
3,049 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: Kristin D Lally • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1695421