515 Plainview AveLouisvilleKY40223
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
Rental property for sale in Louisville at 515 Plainview Ave, Louisville, KY, 40223 priced at $279,000 converts $2,227/mo rent into $529/mo cash flow after a $1,366/mo obligation. Total monthly income equals $2,227/mo, and annual cash flow totals $6,342/yr on $92,489 invested. Return on cash invested prints 26.77% in year one, and rental yield reads 9.58% against a $279,000 entry. Equity gained on principal adds $1,800/yr, while 5% annual appreciation compiles into $77,083 by year five. Five-year ROI reaches 139.51% and total cumulative return in cash sums $129,031. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,227/mo property income covering a $1,366/mo payment, not borrower’s personal income.
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40223, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,146 (100%) |
| Owner Occupied HU | 6,920 (62.1%) |
| Renter Occupied HU | 3,358 (30.1%) |
| Vacant Housing Units | 868 ( 7.8%) |
| Median Home Value | $363,815 |
| Average Home Value | $409,810 |
Housing Distribution
Address Breakdown
Residential
11,122
Single Family
9,982
Multi-Family
1,140
Businesses
1,373
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cindy Broskey • Thurman Real Estate & Development LLC
Mls Name: GLARMLS
Mls ID: #1697351