2516 Northwestern PkwyLouisvilleKY40212
Nearby investment properties with comparable rents
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
Rental property for sale in Louisville at 2516 Northwestern Pkwy, Louisville, KY, 40212 offers $1,142/mo rent that, after a $661/mo payment, leaves $320/mo cash flow. Total monthly income is $1,142/mo, and annual cash flow is $3,841/yr on $44,753 cash. Return on cash invested measures 28.49% in year one, and rental yield stands at 10.15% at a $135,000 entry. Equity gained on principal adds $871/yr while 5% annual appreciation compounds into $37,298 by year five. Five-year ROI records 148.82% and total cumulative return in cash reaches $66,601. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,142/mo property income versus a $661/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1880
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40212, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,732 (100%) |
| Owner Occupied HU | 2,914 (37.7%) |
| Renter Occupied HU | 3,509 (45.4%) |
| Vacant Housing Units | 1,309 (16.9%) |
| Median Home Value | $82,928 |
| Average Home Value | $188,089 |
Housing Distribution
Address Breakdown
Residential
6,963
Single Family
6,709
Multi-Family
254
Businesses
262
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Nearby investment properties with comparable prices
Listed by: Barrett Goff • Allodium Real Estate
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1652753
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