6610 Elmwood StLouisvilleKY40216
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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
Investment property for sale in Louisville at 6610 Elmwood St, Louisville, KY, 40216 earns $321/mo cash flow from $1,465/mo rent with a $920/mo payment. Total monthly income totals $1,465/mo, and annual cash flow totals $3,852/yr on $62,322 capital. ROI tracks 26.09% on current figures, and rental yield reads 9.35% at a $188,000 purchase. Equity gained on principal adds $1,213/yr, and 5% annual appreciation supports $51,941 over five years. Five-year ROI reaches 135.82% and total cumulative return in cash sums $84,644. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,465/mo property income instead of your personal income.
Single Family
Built in 1958
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40216, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,542 (100%) |
| Owner Occupied HU | 10,986 (59.2%) |
| Renter Occupied HU | 6,272 (33.8%) |
| Vacant Housing Units | 1,284 ( 6.9%) |
| Median Home Value | $180,204 |
| Average Home Value | $262,204 |
Housing Distribution
Address Breakdown
Residential
18,869
Single Family
16,977
Multi-Family
1,892
Businesses
930
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Listed by: Sharon Y Gazaway-Bell • BellMan Realty LLC
Mls Name: GLARMLS
Mls ID: #1705367