2404 Burwell AveLouisvilleKY40210
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Nearby investment properties with comparable prices
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 2404 Burwell Ave, Louisville, KY, 40210 offers a 9.68% rental yield on a $199,999 purchase with $1,613/mo rent. Total monthly income registers $1,613/mo, and a $979/mo payment leaves $396/mo available for distribution. Annual cash flow reaches $4,748/yr on $66,300 to close, and return on cash invested stands at 27.07% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 141.12% and total cumulative return in cash at $93,560. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,613/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1929
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40210, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,843 (100%) |
| Owner Occupied HU | 2,356 (34.4%) |
| Renter Occupied HU | 3,182 (46.5%) |
| Vacant Housing Units | 1,305 (19.1%) |
| Median Home Value | $83,789 |
| Average Home Value | $153,160 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
5,773
Multi-Family
538
Businesses
319
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Listed by: Jersenia Patterson • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1702560