530 E Burnett AveLouisvilleKY40217
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 530 E Burnett Ave, Louisville, KY, 40217 priced at $389,990 pairs $1,571/mo rent with after a $1,909/mo payment. Total monthly income equals $1,571/mo. Return on cash invested is 12.46% in year one, and rental yield stands at 4.83% on a $389,990 basis. Equity gained on principal adds $2,517/yr, and 5% annual appreciation accumulates to $107,747 by year five. Five-year ROI measures 62.78% and total cumulative return in cash reaches $81,161. For financing, Ziffy Mortgage’s DSCR program evaluates $1,571/mo property income against a $1,909/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1912
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40217, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,581 (50.8%) |
| Renter Occupied HU | 2,834 (40.2%) |
| Vacant Housing Units | 631 ( 9.0%) |
| Median Home Value | $235,736 |
| Average Home Value | $252,444 |
Housing Distribution
Address Breakdown
Residential
6,241
Single Family
5,340
Multi-Family
901
Businesses
427
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kyle Roth • EXP Realty LLC
Mls Name: GLARMLS
Mls ID: #1696492