5403 S 3rd StLouisvilleKY40214
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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
Rental property for sale in Louisville at 5403 S 3rd St, Louisville, KY, 40214 generates $1,385/mo in rent and, after a $1,003/mo payment, leaves $138/mo in cash flow. Total monthly income is $1,385/mo, and annual cash flow is $1,653/yr on $67,958 invested. Return on cash invested sits at 22.34% in year one, and rental yield is 8.11% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 115.76% and total cumulative return in cash sums $78,666. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,385/mo property income rather than buyer’s personal income.
Single Family
Built in 1944
6,098 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: Jamey Cox • 85W Real Estate
Mls Name: GLARMLS
Mls ID: #1703964