301 S 38th 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 301 S 38th St, Louisville, KY, 40212 listed at $250,000 pairs $1,988/mo rent with a $1,224/mo payment to leave $466/mo cash flow. Total monthly income runs $1,988/mo, and annual cash flow reaches $5,593/yr on $82,875 cash to close. Return on cash invested measures 26.66% in year one, and rental yield registers 9.54% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 138.96% and total cumulative return in cash totals $115,162. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,988/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1925
5,662 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: William D Starks • G. Starks Realty Co.
Mls Name: GLARMLS
Mls ID: #1697606