805 & 807 Bluegrass AveLouisvilleKY40215
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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
Rental property for sale in Louisville at 805 & 807 Bluegrass Ave, Louisville, KY, 40215 generates $1,380/mo in rent and, after a $707/mo payment, leaves $501/mo in cash flow. Total monthly income is $1,380/mo, and annual cash flow is $6,010/yr on $47,902 invested. Return on cash invested sits at 32.45% in year one, and rental yield is 11.46% on a $144,500 entry. Equity gained on principal adds $932/yr, while 5% annual appreciation builds toward $39,923 over five years. Five-year ROI reaches 169.99% and total cumulative return in cash sums $81,427. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,380/mo property income rather than buyer’s personal income.
Single Family
Built in 1915
1,742 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40215, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,693 (100%) |
| Owner Occupied HU | 3,758 (38.8%) |
| Renter Occupied HU | 4,680 (48.3%) |
| Vacant Housing Units | 1,255 (12.9%) |
| Median Home Value | $112,450 |
| Average Home Value | $187,142 |
Housing Distribution
Address Breakdown
Residential
9,174
Single Family
8,590
Multi-Family
584
Businesses
308
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Listed by: Van Tran • Home Link Realtor
Mls Name: GLARMLS
Mls ID: #1696768