3501 Illinois Ave APT B6LouisvilleKY40213
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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 3501 Illinois Ave APT B6, Louisville, KY, 40213 earns $201/mo cash flow from $901/mo rent with a $563/mo payment. Total monthly income totals $901/mo, and annual cash flow totals $2,412/yr on $38,123 capital. ROI tracks 26.23% on current figures, and rental yield reads 9.4% at a $115,000 purchase. Equity gained on principal adds $742/yr, and 5% annual appreciation supports $31,772 over five years. Five-year ROI reaches 136.64% and total cumulative return in cash sums $52,089. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $901/mo property income instead of your personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
No 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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Listed by: Katie A Douglas • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1701747