509 N Lock AveLouisaKY41230
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 Louisa at 509 N Lock Ave, Louisa, KY, 41230 listed at $169,900 pairs $1,184/mo rent with a $832/mo payment to leave $150/mo cash flow. Total monthly income runs $1,184/mo, and annual cash flow reaches $1,794/yr on $56,322 cash to close. Return on cash invested measures 23.1% in year one, and rental yield registers 8.36% at a $169,900 basis. Equity gained on principal adds $1,096/yr, and annual property appreciation at 5% supports $46,940 by year five. Five-year ROI tracks 119.83% and total cumulative return in cash totals $67,490. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,184/mo property income relative to a $832/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1889
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41230, Louisa, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,603 (100%) |
| Owner Occupied HU | 3,611 (64.4%) |
| Renter Occupied HU | 1,210 (21.6%) |
| Vacant Housing Units | 782 (14.0%) |
| Median Home Value | $138,662 |
| Average Home Value | $166,173 |
Housing Distribution
Address Breakdown
Residential
5,205
Single Family
5,205
Multi-Family
0
Businesses
325
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices