651 Barret AveLouisvilleKY40204
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
Investment property for sale in Louisville at 651 Barret Ave, Louisville, KY, 40204 uses $213,850 cash to close to unlock $11,621/yr annual cash flow and $968/mo monthly cash flow. Total monthly income runs $4,924/mo, and a $3,181/mo payment keeps the spread at $968/mo. Purchase price stands at $650,000, and rental yield measures 9.09% with $4,924/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 132.63% and total cumulative return in cash records $283,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,924/mo property income covering a $3,181/mo payment rather than investor’s personal income.
Multi Family
Built in 2024
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40204, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,122 (100%) |
| Owner Occupied HU | 3,870 (42.4%) |
| Renter Occupied HU | 4,128 (45.3%) |
| Vacant Housing Units | 1,124 (12.3%) |
| Median Home Value | $375,121 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
8,062
Single Family
6,413
Multi-Family
1,649
Businesses
828
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jayme S Burden • United Real Estate Louisville
Mls Name: RASK
Mls Provider:
Mls ID: #RA20250290
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.