704 Colorado AveLouisvilleKY40208
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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 704 Colorado Ave, Louisville, KY, 40208 uses $47,073 cash to close to unlock $7,437/yr annual cash flow and $620/mo monthly cash flow. Total monthly income runs $1,484/mo, and a $695/mo payment keeps the spread at $620/mo. Purchase price stands at $142,000, and rental yield measures 12.54% with $1,484/mo rent. Return on cash invested shows 35.71% in year one, and 5% annual appreciation builds toward $39,232 over five years. Five-year ROI reaches 187.45% and total cumulative return in cash records $88,238. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,484/mo property income covering a $695/mo payment rather than investor’s personal income.
Single Family
Built in 1937
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40208, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,432 (100%) |
| Owner Occupied HU | 1,531 (20.6%) |
| Renter Occupied HU | 4,806 (64.7%) |
| Vacant Housing Units | 1,095 (14.7%) |
| Median Home Value | $197,091 |
| Average Home Value | $312,058 |
Housing Distribution
Address Breakdown
Residential
5,472
Single Family
4,033
Multi-Family
1,439
Businesses
409
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Listed by: Rebecca Kostrach • Homepage Realty
Mls Name: GLARMLS
Mls ID: #1697121