3811 Washington Sq APT 1FLouisvilleKY40207
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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 3811 Washington Sq APT 1F, Louisville, KY, 40207 listed at $230,000 pairs $2,260/mo rent with a $1,126/mo payment to leave $860/mo cash flow. Total monthly income runs $2,260/mo, and annual cash flow reaches $10,319/yr on $76,245 cash to close. Return on cash invested measures 33.44% in year one, and rental yield registers 11.79% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 175.28% and total cumulative return in cash totals $133,639. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,260/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40207, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,099 (100%) |
| Owner Occupied HU | 9,726 (64.4%) |
| Renter Occupied HU | 3,985 (26.4%) |
| Vacant Housing Units | 1,388 ( 9.2%) |
| Median Home Value | $428,509 |
| Average Home Value | $495,697 |
Housing Distribution
Address Breakdown
Residential
14,852
Single Family
11,585
Multi-Family
3,267
Businesses
1,702
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Listed by: Karen L Rodriguez • Kentucky Life Realty
Mls Name: GLARMLS
Mls ID: #1697542