612 Plainview AveLouisvilleKY40223
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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 612 Plainview Ave, Louisville, KY, 40223 priced at $244,900 pairs $2,185/mo rent with $694/mo cash flow after a $1,199/mo payment. Total monthly income equals $2,185/mo, and annual cash flow comes to $8,330/yr on $81,184 invested. Return on cash invested is 30.17% in year one, and rental yield stands at 10.71% on a $244,900 basis. Equity gained on principal adds $1,580/yr, and 5% annual appreciation accumulates to $67,661 by year five. Five-year ROI measures 157.78% and total cumulative return in cash reaches $128,093. For financing, Ziffy Mortgage’s DSCR program evaluates $2,185/mo property income against a $1,199/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40223, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,146 (100%) |
| Owner Occupied HU | 6,920 (62.1%) |
| Renter Occupied HU | 3,358 (30.1%) |
| Vacant Housing Units | 868 ( 7.8%) |
| Median Home Value | $363,815 |
| Average Home Value | $409,810 |
Housing Distribution
Address Breakdown
Residential
11,122
Single Family
9,982
Multi-Family
1,140
Businesses
1,373
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Listed by: Nicole Eve-Lehmann • Keller Williams Realty -Lou
Mls Name: GLARMLS
Mls ID: #1706134