725 N Hite Ave APT 2LouisvilleKY40206
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 725 N Hite Ave APT 2, Louisville, KY, 40206 earns $474/mo cash flow from $1,433/mo rent with a $771/mo payment. Total monthly income totals $1,433/mo, and annual cash flow totals $5,692/yr on $52,211 capital. ROI tracks 30.81% on current figures, and rental yield reads 10.92% at a $157,500 purchase. Equity gained on principal adds $1,016/yr, and 5% annual appreciation supports $43,514 over five years. Five-year ROI reaches 161.22% and total cumulative return in cash sums $84,177. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,433/mo property income instead of your personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40206, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,360 (100%) |
| Owner Occupied HU | 5,103 (44.9%) |
| Renter Occupied HU | 5,045 (44.4%) |
| Vacant Housing Units | 1,212 (10.7%) |
| Median Home Value | $384,167 |
| Average Home Value | $449,727 |
Housing Distribution
Address Breakdown
Residential
11,253
Single Family
7,768
Multi-Family
3,485
Businesses
1,013
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ashley F Ray • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1697444