632 E Burnett AveLouisvilleKY40217
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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 632 E Burnett Ave, Louisville, KY, 40217 priced at $220,000 converts $1,698/mo rent into $359/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,698/mo, and annual cash flow totals $4,306/yr on $72,930 invested. Return on cash invested prints 25.81% in year one, and rental yield reads 9.26% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 134.36% and total cumulative return in cash sums $97,991. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,698/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1900
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40217, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,581 (50.8%) |
| Renter Occupied HU | 2,834 (40.2%) |
| Vacant Housing Units | 631 ( 9.0%) |
| Median Home Value | $235,736 |
| Average Home Value | $252,444 |
Housing Distribution
Address Breakdown
Residential
6,241
Single Family
5,340
Multi-Family
901
Businesses
427
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Listed by: Scott Radcliff • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1702135