823 E Chestnut StLouisvilleKY40204
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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 823 E Chestnut St, Louisville, KY, 40204 priced at $400,000 converts $2,944/mo rent into $509/mo cash flow after a $1,958/mo obligation. Total monthly income equals $2,944/mo, and annual cash flow totals $6,112/yr on $132,600 invested. Return on cash invested prints 24.52% in year one, and rental yield reads 8.83% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 127.44% and total cumulative return in cash sums $168,988. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,944/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 2025
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40204, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,122 (100%) |
| Owner Occupied HU | 3,870 (42.4%) |
| Renter Occupied HU | 4,128 (45.3%) |
| Vacant Housing Units | 1,124 (12.3%) |
| Median Home Value | $375,121 |
| Average Home Value | $429,399 |
Housing Distribution
Address Breakdown
Residential
8,062
Single Family
6,413
Multi-Family
1,649
Businesses
828
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Listed by: Ethan J Adams • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1706632