422 Wallace AveSaint 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 422 Wallace Ave, Saint Matthews, KY, 40207 uses $169,402 cash to close to unlock $1,613/yr annual cash flow and $134/mo monthly cash flow. Total monthly income runs $3,268/mo, and a $2,520/mo payment keeps the spread at $134/mo. Purchase price stands at $514,900, and rental yield measures 7.62% with $3,268/mo rent. Return on cash invested shows 21.01% in year one, and 5% annual appreciation builds toward $142,257 over five years. Five-year ROI reaches 108.6% and total cumulative return in cash records $183,966. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,268/mo property income covering a $2,520/mo payment rather than investor’s personal income.
Single Family
Built in 1932
5,227 sqft 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: Jacob M Mercier • RE/MAX Results
Mls Name: GLARMLS
Mls ID: #1705979