8127 Lake Ave #8LouisvilleKY40222
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 8127 Lake Ave #8, Louisville, KY, 40222 uses $46,493 cash to close to unlock $5,374/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $1,301/mo, and a $686/mo payment keeps the spread at $448/mo. Purchase price stands at $140,251, and rental yield measures 11.13% with $1,301/mo rent. Return on cash invested shows 31.47% in year one, and 5% annual appreciation builds toward $38,749 over five years. Five-year ROI reaches 164.71% and total cumulative return in cash records $76,577. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,301/mo property income covering a $686/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40222, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,747 (100%) |
| Owner Occupied HU | 6,400 (54.5%) |
| Renter Occupied HU | 4,377 (37.3%) |
| Vacant Housing Units | 970 ( 8.3%) |
| Median Home Value | $379,410 |
| Average Home Value | $472,615 |
Housing Distribution
Address Breakdown
Residential
11,380
Single Family
8,068
Multi-Family
3,312
Businesses
1,245
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea C Walker • Keller Williams Louisville East
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1686322
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. 2025 Metro Search, Inc.