639 Harrison AveLouisvilleKY40217
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
Investment Highlights
Rental property for sale in Louisville at 639 Harrison Ave, Louisville, KY, 40217 priced at $259,900 pairs $2,302/mo rent with $720/mo cash flow after a $1,272/mo payment. Total monthly income equals $2,302/mo, and annual cash flow comes to $8,643/yr on $86,157 invested. Return on cash invested is 29.94% in year one, and rental yield stands at 10.63% on a $259,900 basis. Equity gained on principal adds $1,677/yr, and 5% annual appreciation accumulates to $71,806 by year five. Five-year ROI measures 156.55% and total cumulative return in cash reaches $134,878. For financing, Ziffy Mortgage’s DSCR program evaluates $2,302/mo property income against a $1,272/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1924
5,227 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: Tracy N French • RE/MAX Premier Properties
Mls Name: GLARMLS
Mls ID: #1697729