509 E Broad 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 509 E Broad St, Louisville, OH, 44641 offers a 14.09% rental yield on a $119,900 purchase with $1,408/mo rent. Total monthly income registers $1,408/mo, and a $587/mo payment leaves $619/mo available for distribution. Annual cash flow reaches $7,430/yr on $39,747 to close, and return on cash invested stands at 38.6% in year one. Equity gained on principal adds $774/yr while 5% annual appreciation supports $33,126 over five years. Portfolio math shows five-year ROI at 203.7% and total cumulative return in cash at $80,964. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,408/mo property income against a $587/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1918
6,499 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
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Listed by: Talethia Mummertz • Keller Williams Legacy Group Realty
Mls Name: MLS Now
Mls ID: #5180646