2647 Alford AveLouisvilleKY40212
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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 2647 Alford Ave, Louisville, KY, 40212 uses $39,747 cash to close to unlock $2,281/yr annual cash flow and $190/mo monthly cash flow. Total monthly income runs $920/mo, and a $587/mo payment keeps the spread at $190/mo. Purchase price stands at $119,900, and rental yield measures 9.21% with $920/mo rent. Return on cash invested shows 25.65% in year one, and 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 133.63% and total cumulative return in cash records $53,112. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $920/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in N/A
6,969 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: Sandra C Case-Rodgers • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1696176