507 E Oak 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 507 E Oak St, Louisville, KY, 40203 with 5% annual appreciation on a $159,900 basis while $1,394/mo rent supports operations. Total monthly income totals $1,394/mo and a $783/mo payment preserves $420/mo for cash returns. Annual cash flow comes to $5,045/yr on $53,007 deployed, and return on cash invested reaches 29.43% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 10.46%. Five-year ROI measures 153.82% and total cumulative return in cash totals $81,534.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,394/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
2,613 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: David Dropkin • Family Realty LLC
Mls Name: GLARMLS
Mls ID: #1701115