331 Alger 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
Investment property for sale in Louisville at 331 Alger Ave, Louisville, KY, 40214 earns $49/mo cash flow from $1,115/mo rent with a $857/mo payment. Total monthly income totals $1,115/mo, and annual cash flow totals $594/yr on $58,013 capital. ROI tracks 20.93% on current figures, and rental yield reads 7.65% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 108.22% and total cumulative return in cash sums $62,779. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,115/mo property income instead of your personal income.
Single Family
Built in 1945
5,662 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: Cathy Henn • Genesis Realty LLC
Mls Name: GLARMLS
Mls ID: #1706117