3812 Washington Sq APT 2Saint MatthewsKY40207
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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 Saint Matthews at 3812 Washington Sq APT 2, Saint Matthews, KY, 40207 offers a 8.01% rental yield on a $310,000 purchase with $2,069/mo rent. Total monthly income registers $2,069/mo, and a $1,517/mo payment leaves $183/mo available for distribution. Annual cash flow reaches $2,191/yr on $102,765 to close, and return on cash invested stands at 22.04% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 114.14% and total cumulative return in cash at $117,295. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,069/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
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: Carol Hinkle • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1707249