318 Freeman AveLouisvilleKY40214
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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 318 Freeman Ave, Louisville, KY, 40214 priced at $138,900 converts $1,219/mo rent into $373/mo cash flow after a $680/mo obligation. Total monthly income equals $1,219/mo, and annual cash flow totals $4,482/yr on $46,045 invested. Return on cash invested prints 29.64% in year one, and rental yield reads 10.53% against a $138,900 entry. Equity gained on principal adds $896/yr, while 5% annual appreciation compiles into $38,376 by year five. Five-year ROI reaches 154.99% and total cumulative return in cash sums $71,365. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,219/mo property income covering a $680/mo payment, not borrower’s personal income.
Single Family
Built in 1941
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Emily Kring • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1696733