324 E Main St Unit 327LouisvilleKY40202
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThere's a case for owning boring assets in strong markets. Rental yield 7.06%. It won't spike overnight, but it will produce quarter after quarter of U.S. dollar income with long-run appreciation. Ziffy Mortgage's DSCR loan removes U.S. income documentation barriers for non-residents. Five-year appreciation of $99,461 and $3,316/yr in equity build project total return of $131,619.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.2% |
| Monthly Cash Flow | $(73) | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,118 |
| Total Monthly Debt Service | $2,048 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40202, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 299 ( 7.2%) |
| Renter Occupied HU | 3,007 (72.2%) |
| Vacant Housing Units | 857 (20.6%) |
| Median Home Value | $357,895 |
| Average Home Value | $424,010 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
1,023
Multi-Family
2,743
Businesses
1,588
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40202, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 299 ( 7.2%) |
| Renter Occupied HU | 3,007 (72.2%) |
| Vacant Housing Units | 857 (20.6%) |
| Median Home Value | $357,895 |
| Average Home Value | $424,010 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
1,023
Multi-Family
2,743
Businesses
1,588
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Betsy Gengo • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1708496