2547 Bank StLouisvilleKY40212
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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 2547 Bank St, Louisville, KY, 40212 uses $38,123 cash to close to unlock $2,244/yr annual cash flow and $187/mo monthly cash flow. Total monthly income runs $887/mo, and a $563/mo payment keeps the spread at $187/mo. Purchase price stands at $115,000, and rental yield measures 9.26% with $887/mo rent. Return on cash invested shows 25.79% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 134.24% and total cumulative return in cash records $51,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $887/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3,920 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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Listed by: Stephanie Kertis • Kentucky Select Properties
Mls Name: GLARMLS
Mls ID: #1706344