7400 Wimstock AveLouisvilleKY40272
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
Rental property for sale in Louisville at 7400 Wimstock Ave, Louisville, KY, 40272 offers $1,660/mo rent that, after a $874/mo payment, leaves $573/mo cash flow. Total monthly income is $1,660/mo, and annual cash flow is $6,879/yr on $59,173 cash. Return on cash invested measures 31.54% in year one, and rental yield stands at 11.16% at a $178,500 entry. Equity gained on principal adds $1,152/yr while 5% annual appreciation compounds into $49,316 by year five. Five-year ROI records 165.1% and total cumulative return in cash reaches $97,694. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,660/mo property income versus a $874/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40272, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,140 (100%) |
| Owner Occupied HU | 10,670 (66.1%) |
| Renter Occupied HU | 4,203 (26.0%) |
| Vacant Housing Units | 1,267 ( 7.9%) |
| Median Home Value | $218,167 |
| Average Home Value | $275,954 |
Housing Distribution
Address Breakdown
Residential
15,885
Single Family
15,029
Multi-Family
856
Businesses
460
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Nearby investment properties with comparable prices
Listed by: Tanis Linnig • United Real Estate Louisville
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1674352
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