415 E Market St UNIT 104LouisvilleKY40202
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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 415 E Market St UNIT 104, Louisville, KY, 40202 earns $370/mo cash flow from $2,591/mo rent with a $1,786/mo payment. Total monthly income totals $2,591/mo, and annual cash flow totals $4,440/yr on $120,998 capital. ROI tracks 23.58% on current figures, and rental yield reads 8.52% at a $365,000 purchase. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash sums $148,135. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,591/mo property income instead of your personal income.
Condo
Built in 2013
8 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40202, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 299 ( 7.2%) |
| Renter Occupied HU | 3,007 (72.2%) |
| Vacant Housing Units | 857 (20.6%) |
| Median Home Value | $357,895 |
| Average Home Value | $424,010 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
1,023
Multi-Family
2,743
Businesses
1,588
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Listed by: Lee Hensley • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1702869