816 Washburn Ave APT 16LouisvilleKY40222
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 816 Washburn Ave APT 16, Louisville, KY, 40222 earns $418/mo cash flow from $1,715/mo rent with a $1,043/mo payment. Total monthly income totals $1,715/mo, and annual cash flow totals $5,018/yr on $70,609 capital. ROI tracks 27.02% on current figures, and rental yield reads 9.66% at a $212,999 purchase. Equity gained on principal adds $1,374/yr, and 5% annual appreciation supports $58,848 over five years. Five-year ROI reaches 140.87% and total cumulative return in cash sums $99,465. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,715/mo property income instead of your personal income.
Condo
Built in 1987
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: Todd A Weihe • DREAM J P Pirtle REALTORS
Mls Name: GLARMLS
Mls ID: #1701804