8133 Lake Ave APT B9LouisvilleKY40222
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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 8133 Lake Ave APT B9, Louisville, KY, 40222 earns $283/mo cash flow from $1,165/mo rent with a $709/mo payment. Total monthly income totals $1,165/mo, and annual cash flow totals $3,400/yr on $48,034 capital. ROI tracks 26.99% on current figures, and rental yield reads 9.65% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 140.75% and total cumulative return in cash sums $67,609. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,165/mo property income instead of your 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
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Listed by: Phil Moffett • Edelen & Edelen REALTORS
Mls Name: GLARMLS
Mls ID: #1701247