3801 Craig AveLouisvilleKY40215
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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 3801 Craig Ave, Louisville, KY, 40215 offers a 7.09% rental yield on a $230,000 purchase with $1,358/mo rent. 25% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 99.16% and total cumulative return in cash at $75,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,358/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
5,227 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: Angela Chambers • Keller Williams Collective
Mls Name: GLARMLS
Mls ID: #1705528