507 Baxter AveLouisvilleKY40204
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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 507 Baxter Ave, Louisville, KY, 40204 with 5% annual appreciation on a $249,000 basis while $1,836/mo rent supports operations. Total monthly income totals $1,836/mo and a $1,219/mo payment preserves $320/mo for cash returns. Annual cash flow comes to $3,843/yr on $82,544 deployed, and return on cash invested reaches 24.57% in year one. Equity gained on principal adds $1,607/yr, and five-year appreciation sums $68,794 alongside rental yield of 8.85%. Five-year ROI measures 127.72% and total cumulative return in cash totals $105,428.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,836/mo property income versus a $1,219/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40204, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,122 (100%) |
| Owner Occupied HU | 3,870 (42.4%) |
| Renter Occupied HU | 4,128 (45.3%) |
| Vacant Housing Units | 1,124 (12.3%) |
| Median Home Value | $375,121 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
8,062
Single Family
6,413
Multi-Family
1,649
Businesses
828
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Listed by: Brad Long • 85W Real Estate
Mls Name: GLARMLS
Mls ID: #1707119