547 Dresden AveLouisvilleKY40215
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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 547 Dresden Ave, Louisville, KY, 40215 priced at $184,900 converts $1,381/mo rent into $256/mo cash flow after a $905/mo obligation. Total monthly income equals $1,381/mo, and annual cash flow totals $3,068/yr on $61,294 invested. Return on cash invested prints 24.91% in year one, and rental yield reads 8.96% against a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation compiles into $51,084 by year five. Five-year ROI reaches 129.56% and total cumulative return in cash sums $79,411. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,381/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1910
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40215, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,693 (100%) |
| Owner Occupied HU | 3,758 (38.8%) |
| Renter Occupied HU | 4,680 (48.3%) |
| Vacant Housing Units | 1,255 (12.9%) |
| Median Home Value | $112,450 |
| Average Home Value | $187,142 |
Housing Distribution
Address Breakdown
Residential
9,174
Single Family
8,590
Multi-Family
584
Businesses
308
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Listed by: Brian Holder • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1701677