8811 Astrid AveLouisvilleKY40228
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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 8811 Astrid Ave, Louisville, KY, 40228 uses $95,804 cash to close to unlock $7,051/yr annual cash flow and $588/mo monthly cash flow. Total monthly income runs $2,347/mo, and a $1,415/mo payment keeps the spread at $588/mo. Purchase price stands at $289,000, and rental yield measures 9.75% with $2,347/mo rent. Return on cash invested shows 27.27% in year one, and 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 142.18% and total cumulative return in cash records $136,214. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,347/mo property income covering a $1,415/mo payment rather than investor’s personal income.
Single Family
Built in 1996
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40228, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,797 (100%) |
| Owner Occupied HU | 6,015 (68.4%) |
| Renter Occupied HU | 2,430 (27.6%) |
| Vacant Housing Units | 352 ( 4.0%) |
| Median Home Value | $267,381 |
| Average Home Value | $286,167 |
Housing Distribution
Address Breakdown
Residential
8,368
Single Family
8,108
Multi-Family
260
Businesses
343
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Listed by: Sabid Velic • Schuler Bauer Real Estate Services ERA Powered
Mls Name: GLARMLS
Mls ID: #1705066