324 E Main St UNIT 506LouisvilleKY40202
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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 324 E Main St UNIT 506, Louisville, KY, 40202 uses $174,337 cash to close to unlock $1,998/yr annual cash flow and $167/mo monthly cash flow. Total monthly income runs $3,392/mo, and a $2,594/mo payment keeps the spread at $167/mo. Purchase price stands at $529,900, and rental yield measures 7.68% with $3,392/mo rent. Return on cash invested shows 21.21% in year one, and 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 109.64% and total cumulative return in cash records $191,147. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,392/mo property income covering a $2,594/mo payment rather than investor’s personal income.
Condo
Built in 2008
144.51 Acres 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
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Listed by: Alissa L Sample • Housing Associates
Mls Name: GLARMLS
Mls ID: #1695496