730 S 38th StLouisvilleKY40211
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 730 S 38th St, Louisville, KY, 40211 offers a 11.19% rental yield on a $159,500 purchase with $1,487/mo rent. Total monthly income registers $1,487/mo, and a $781/mo payment leaves $516/mo available for distribution. Annual cash flow reaches $6,191/yr on $52,874 to close, and return on cash invested stands at 31.62% in year one. Equity gained on principal adds $1,029/yr while 5% annual appreciation supports $44,067 over five years. Portfolio math shows five-year ROI at 165.5% and total cumulative return in cash at $87,505. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,487/mo property income against a $781/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1908
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40211, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,561 (100%) |
| Owner Occupied HU | 3,874 (36.7%) |
| Renter Occupied HU | 4,802 (45.5%) |
| Vacant Housing Units | 1,885 (17.8%) |
| Median Home Value | $100,831 |
| Average Home Value | $221,276 |
Housing Distribution
Address Breakdown
Residential
9,321
Single Family
8,580
Multi-Family
741
Businesses
525
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Listed by: Richard Dean • Richard Dean Realty Company, LLC
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1683408
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