3501 Illinois Ave APT A1LouisvilleKY40213
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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
Rental property for sale in Louisville at 3501 Illinois Ave APT A1, Louisville, KY, 40213 generates $1,583/mo in rent and, after a $781/mo payment, leaves $323/mo in cash flow. Total monthly income is $1,583/mo, and annual cash flow is $3,875/yr on $52,874 invested. Return on cash invested sits at 27.24% in year one, and rental yield is 11.91% on a $159,500 entry. Equity gained on principal adds $1,029/yr, while 5% annual appreciation builds toward $44,067 over five years. Five-year ROI reaches 144.39% and total cumulative return in cash sums $76,345. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,583/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
$289 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40213, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,522 (100%) |
| Owner Occupied HU | 4,211 (56.0%) |
| Renter Occupied HU | 2,733 (36.3%) |
| Vacant Housing Units | 578 ( 7.7%) |
| Median Home Value | $204,545 |
| Average Home Value | $258,518 |
Housing Distribution
Address Breakdown
Residential
7,568
Single Family
7,172
Multi-Family
396
Businesses
863
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