915 Washburn AveLouisvilleKY40222
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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 915 Washburn Ave, Louisville, KY, 40222 uses $99,119 cash to close to unlock $5,516/yr annual cash flow and $460/mo monthly cash flow. Total monthly income runs $2,279/mo, and a $1,463/mo payment keeps the spread at $460/mo. Purchase price stands at $299,000, and rental yield measures 9.15% with $2,279/mo rent. Return on cash invested shows 25.47% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 132.55% and total cumulative return in cash records $131,386. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,279/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1951
8,712 sqft 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: The Schiller Team • Lenihan Sotheby's Int'l Realty
Mls Name: GLARMLS
Mls ID: #1707041