726 Zorn Ave APT 5LouisvilleKY40206
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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 726 Zorn Ave APT 5, Louisville, KY, 40206 uses $35,139 cash to close to unlock $1,844/yr annual cash flow and $154/mo monthly cash flow. Total monthly income runs $799/mo, and a $519/mo payment keeps the spread at $154/mo. Purchase price stands at $105,999, and rental yield measures 9.05% with $799/mo rent. Return on cash invested shows 25.16% in year one, and 5% annual appreciation builds toward $29,286 over five years. Five-year ROI reaches 130.91% and total cumulative return in cash records $45,999. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $799/mo property income covering a $519/mo payment rather than investor’s personal income.
Condo
Built in 1982
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
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Listed by: Brian M Donlon • Mayer REALTORS
Mls Name: GLARMLS
Mls ID: #1707483