7311 Sky Blue AveLouisvilleKY40258
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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 7311 Sky Blue Ave, Louisville, KY, 40258 offers a 11.34% rental yield on a $200,000 purchase with $1,890/mo rent. Total monthly income registers $1,890/mo, and a $979/mo payment leaves $673/mo available for distribution. Annual cash flow reaches $8,072/yr on $66,300 to close, and return on cash invested stands at 32.08% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 168.01% and total cumulative return in cash at $111,392. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,890/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40258, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,587 (100%) |
| Owner Occupied HU | 8,000 (69.0%) |
| Renter Occupied HU | 2,823 (24.4%) |
| Vacant Housing Units | 764 ( 6.6%) |
| Median Home Value | $190,738 |
| Average Home Value | $229,760 |
Housing Distribution
Address Breakdown
Residential
11,254
Single Family
10,720
Multi-Family
534
Businesses
463
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Listed by: Chelsea Wood • Keller Williams Collective
Mls Name: GLARMLS
Mls ID: #1705178