408 Dr W J Hodge StLouisvilleKY40203
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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 408 Dr W J Hodge St, Louisville, KY, 40203 offers a 9.64% rental yield on a $135,000 purchase with $1,085/mo rent. Total monthly income registers $1,085/mo, and a $661/mo payment leaves $263/mo available for distribution. Annual cash flow reaches $3,157/yr on $44,753 to close, and return on cash invested stands at 26.96% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 140.64% and total cumulative return in cash at $62,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,085/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40203, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,642 (100%) |
| Owner Occupied HU | 1,654 (17.2%) |
| Renter Occupied HU | 6,241 (64.7%) |
| Vacant Housing Units | 1,747 (18.1%) |
| Median Home Value | $190,071 |
| Average Home Value | $281,443 |
Housing Distribution
Address Breakdown
Residential
9,327
Single Family
5,367
Multi-Family
3,960
Businesses
828
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Listed by: Deon Reese • Polo Real Estate Group LLC
Mls Name: GLARMLS
Mls ID: #1702488