3501 Illinois Ave APT B8LouisvilleKY40213
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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 B8, Louisville, KY, 40213 earns $206/mo cash flow from $875/mo rent with a $538/mo payment. Total monthly income totals $875/mo, and annual cash flow totals $2,471/yr on $36,465 capital. ROI tracks 26.69% on current figures, and rental yield reads 9.55% at a $110,000 purchase. Equity gained on principal adds $710/yr, and 5% annual appreciation supports $30,391 over five years. Five-year ROI reaches 139.04% and total cumulative return in cash sums $50,700. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $875/mo property income instead of your personal income.
Condo
Built in N/A
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: Jonathan Noel • Noel Auctioneers and Real Estate Advisors
Mls Name: Imagine MLS
Mls ID: #26000489