5311 Devers AveLouisvilleKY40214
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 5311 Devers Ave, Louisville, KY, 40214 in Louisville: $1,071/mo in rent, $232/mo in net income, 9.32% gross yield, 1.73 DSCR, all at $137,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $38,099 in appreciation and $1,270/yr in principal paydown projects total cumulative return of $67,147.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 6.2% |
| Monthly Cash Flow | $232 | $450 |
City averages based on Louisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,071 |
| Total Monthly Debt Service | $784 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amelia Willhite Fischer • Coldwell Banker McMahan
Mls Name: GLARMLS
Mls ID: #1707274