2619 Bank StLouisvilleKY40212
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 2619 Bank St, Louisville, KY, 40212 priced at $155,800 converts $1,103/mo rent into $154/mo cash flow after a $763/mo obligation. Total monthly income equals $1,103/mo, and annual cash flow totals $1,852/yr on $51,648 invested. Return on cash invested prints 23.49% in year one, and rental yield reads 8.5% against a $155,800 entry. Equity gained on principal adds $1,005/yr, while 5% annual appreciation compiles into $43,045 by year five. Five-year ROI reaches 122.03% and total cumulative return in cash sums $63,027. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,103/mo property income covering a $763/mo payment, not borrower’s personal income.
Single Family
Built in 1900
3,049 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: Imani Clemons • Weichert Realtors - ABG
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1692134
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