309 S Ewing AveLouisvilleKY40206
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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
Rental property for sale in Louisville at 309 S Ewing Ave, Louisville, KY, 40206 priced at $415,000 converts $2,992/mo rent into $466/mo cash flow after a $2,031/mo obligation. Total monthly income equals $2,992/mo, and annual cash flow totals $5,598/yr on $137,573 invested. Return on cash invested prints 23.98% in year one, and rental yield reads 8.65% against a $415,000 entry. Equity gained on principal adds $2,678/yr, while 5% annual appreciation compiles into $114,657 by year five. Five-year ROI reaches 124.53% and total cumulative return in cash sums $171,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,992/mo property income covering a $2,031/mo payment, not borrower’s personal income.
Single Family
Built in 1954
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
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Listed by: G. Davis Boland • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1694150