5311 Devers AveLouisvilleKY40214
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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 5311 Devers Ave, Louisville, KY, 40214 uses $45,714 cash to close to unlock $2,780/yr annual cash flow and $232/mo monthly cash flow. Total monthly income runs $1,071/mo, and a $675/mo payment keeps the spread at $232/mo. Purchase price stands at $137,900, and rental yield measures 9.32% with $1,071/mo rent. Return on cash invested shows 25.99% in year one, and 5% annual appreciation builds toward $38,099 over five years. Five-year ROI reaches 135.32% and total cumulative return in cash records $61,859. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,071/mo property income covering a $675/mo payment rather than investor’s personal income.
Single Family
Built in 1948
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Amelia Willhite Fischer • Coldwell Banker McMahan
Mls Name: GLARMLS
Mls ID: #1707274