324 E Main St UNIT 404LouisvilleKY40202
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
Investment Highlights
Investment property for sale in Louisville at 324 E Main St UNIT 404, Louisville, KY, 40202 listed at $550,000 pairs $2,502/mo rent with a $2,692/mo payment. Total monthly income runs $2,502/mo. Return on cash invested measures 14.45% in year one, and rental yield registers 5.46% at a $550,000 basis. Equity gained on principal adds $3,549/yr, and annual property appreciation at 5% supports $151,955 by year five. Five-year ROI tracks 73.42% and total cumulative return in cash totals $132,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,502/mo property income relative to a $2,692/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: Bryce Cariel • Caperton Realty
Mls Name: GLARMLS
Mls ID: #1706868