3326 Lester AveLouisvilleKY40215
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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 3326 Lester Ave, Louisville, KY, 40215 offers a 9.07% rental yield on a $130,000 purchase with $983/mo rent. Total monthly income registers $983/mo, and a $636/mo payment leaves $192/mo available for distribution. Annual cash flow reaches $2,305/yr on $43,095 to close, and return on cash invested stands at 25.26% in year one. Equity gained on principal adds $839/yr while 5% annual appreciation supports $35,917 over five years. Portfolio math shows five-year ROI at 131.49% and total cumulative return in cash at $56,667. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $983/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40215, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,693 (100%) |
| Owner Occupied HU | 3,758 (38.8%) |
| Renter Occupied HU | 4,680 (48.3%) |
| Vacant Housing Units | 1,255 (12.9%) |
| Median Home Value | $112,450 |
| Average Home Value | $187,142 |
Housing Distribution
Address Breakdown
Residential
9,174
Single Family
8,590
Multi-Family
584
Businesses
308
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Listed by: Diana Silliman • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1694859