3009 Montana AveLouisvilleKY40208
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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 3009 Montana Ave, Louisville, KY, 40208 uses $39,780 cash to close to unlock $2,364/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $927/mo, and a $587/mo payment keeps the spread at $197/mo. Purchase price stands at $120,000, and rental yield measures 9.27% with $927/mo rent. Return on cash invested shows 25.85% in year one, and 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 134.56% and total cumulative return in cash records $53,527. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $927/mo property income covering a $587/mo payment rather than investor’s personal income.
Single Family
Built in 1947
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40208, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,432 (100%) |
| Owner Occupied HU | 1,531 (20.6%) |
| Renter Occupied HU | 4,806 (64.7%) |
| Vacant Housing Units | 1,095 (14.7%) |
| Median Home Value | $197,091 |
| Average Home Value | $312,058 |
Housing Distribution
Address Breakdown
Residential
5,472
Single Family
4,033
Multi-Family
1,439
Businesses
409
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Listed by: Brett Kennedy • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1697873