711 W Main St APT JLouisvilleKY40202
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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 711 W Main St APT J, Louisville, KY, 40202 offers $2,270/mo rent that, after a $1,224/mo payment, leaves $748/mo cash flow. Total monthly income is $2,270/mo, and annual cash flow is $8,977/yr on $82,875 cash. Return on cash invested measures 30.74% in year one, and rental yield stands at 10.9% at a $250,000 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,070 by year five. Five-year ROI records 160.85% and total cumulative return in cash reaches $133,306. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,270/mo property income versus a $1,224/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40202, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,163 (100%) |
| Owner Occupied HU | 299 ( 7.2%) |
| Renter Occupied HU | 3,007 (72.2%) |
| Vacant Housing Units | 857 (20.6%) |
| Median Home Value | $357,895 |
| Average Home Value | $424,010 |
Housing Distribution
Address Breakdown
Residential
3,766
Single Family
1,023
Multi-Family
2,743
Businesses
1,588
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Listed by: Jimmy Welch Team • Keller Williams Collective
Mls Name: GLARMLS
Mls ID: #1707134