408 E Gorgas StLouisvilleOH44641
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 E Gorgas St, Louisville, OH, 44641 offers a 8.17% rental yield on a $230,000 purchase with $1,566/mo rent. Total monthly income registers $1,566/mo, and a $1,126/mo payment leaves $53/mo available for distribution. Annual cash flow reaches $634/yr on $76,245 to close, and return on cash invested stands at 20.74% 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 107.82% and total cumulative return in cash at $82,207. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,566/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 1890
9,199 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44641, Louisville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,828 (100%) |
| Owner Occupied HU | 6,334 (71.7%) |
| Renter Occupied HU | 2,102 (23.8%) |
| Vacant Housing Units | 392 ( 4.4%) |
| Median Home Value | $222,565 |
| Average Home Value | $241,663 |
Housing Distribution
Address Breakdown
Residential
8,691
Single Family
8,360
Multi-Family
331
Businesses
432
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rich Motts • Cutler Real Estate
Mls Name: MLS Now
Mls ID: #5180184