Louisville, KY — Rental Investment Analysis
🟡MODERATE— average returnsCap Rate
5.2%
Below average
Monthly Cash Flow
-$218
After all expenses
Price-to-Rent
12.0
Investor-friendly
DSCR
0.81
Fails
📊 Key Metrics
- Median Home Price
- $252,789
- Average Rent (3BR)
- $1,790/mo
- Price-to-Rent Ratio
- 12.0(good)
- 1% Rule
- 0.70%(fails — need 1%+)
- Cash-on-Cash Return
- -5.4%
- Vacancy Rate
- 8.0%
📈 Market Strength
Assumptions Used
20% down, 7.000000000000001% rate, 30yr, 8% vacancy, 10% maintenance
Customize these numbers →📈 Population Movement (Tax Year 2021→2022)
Net Migration
-795 households
SHRINKING
Total Inflow
7,263
households moved in
Avg Income (New Residents)
$68,596
per household
Where they're coming from:
1.Bullitt, KY1,132 households · avg $47,622
2.Clark, IN670 households · avg $44,491
3.Fayette, KY560 households · avg $112,138
4.Hardin, KY506 households · avg $39,617
5.Floyd, IN442 households · avg $123,962
Where residents are leaving to:
1.Bullitt, KY1,619 households
2.Clark, IN1,072 households
3.Floyd, IN575 households
4.Hardin, KY463 households
5.Fayette, KY380 households
💡 Net outflow may indicate weakening demand — but can mean lower prices and higher cap rates.
🏘️ Best Zip Codes in Louisville for Investors
All Zip Codes in Louisville
| Zip | Cap Rate | Cash Flow | Home Price | Rent (3BR) | DSCR |
|---|---|---|---|---|---|
| 40210 | 15.1% | +$645 | $89,255 | $1,520/mo | 2.36 |
| 40212 | 14.5% | +$580 | $85,550 | $1,410/mo | 2.27 |
| 40211 | 13.8% | +$604 | $97,812 | $1,540/mo | 2.16 |
| 40209 | 11.0% | +$470 | $121,295 | $1,570/mo | 1.73 |
| 40215 | 9.4% | +$347 | $139,476 | $1,570/mo | 1.47 |
| 40208 | 9.3% | +$346 | $140,897 | $1,580/mo | 1.46 |
| 40203 | 7.0% | +$81 | $154,723 | $1,370/mo | 1.10 |
| 40272 | 6.8% | +$82 | $223,921 | $1,940/mo | 1.07 |
| 40118 | 6.6% | +$39 | $211,994 | $1,790/mo | 1.03 |
| 40229 | 6.1% | -$64 | $252,789 | $2,000/mo | 0.95 |
| 40218 | 5.7% | -$120 | $221,014 | $1,670/mo | 0.90 |
| 40228 | 5.7% | -$166 | $274,032 | $2,050/mo | 0.89 |
| 40217 | 5.6% | -$158 | $241,251 | $1,790/mo | 0.88 |
| 40258 | 5.6% | -$152 | $228,253 | $1,690/mo | 0.87 |
| 40213 | 5.5% | -$154 | $212,717 | $1,560/mo | 0.86 |
| 40214 | 5.2% | -$218 | $219,686 | $1,540/mo | 0.81 |
| 40216 | 5.2% | -$216 | $209,721 | $1,460/mo | 0.81 |
| 40204 | 4.8% | -$392 | $286,921 | $1,880/mo | 0.74 |
| 40219 | 4.7% | -$337 | $236,201 | $1,530/mo | 0.73 |
| 40206 | 4.5% | -$456 | $283,074 | $1,770/mo | 0.70 |
| 40243 | 4.4% | -$554 | $341,391 | $2,130/mo | 0.70 |
| 40242 | 4.4% | -$552 | $330,168 | $2,040/mo | 0.69 |
| 40220 | 4.4% | -$498 | $295,350 | $1,820/mo | 0.68 |
| 40291 | 4.3% | -$555 | $311,108 | $1,880/mo | 0.66 |
| 40299 | 4.1% | -$667 | $343,540 | $2,010/mo | 0.64 |
| 40223 | 3.8% | -$854 | $391,920 | $2,180/mo | 0.59 |
| 40241 | 3.4% | -$1,042 | $417,474 | $2,160/mo | 0.53 |
| 40202 | 3.3% | -$876 | $341,635 | $1,740/mo | 0.52 |
| 40222 | 3.0% | -$1,108 | $398,070 | $1,920/mo | 0.48 |
| 40245 | 3.0% | -$1,352 | $484,165 | $2,330/mo | 0.48 |
| 40245 | 3.0% | -$1,352 | $484,165 | $2,330/mo | 0.48 |
| 40207 | 2.9% | -$1,245 | $432,909 | $2,040/mo | 0.46 |
| 40205 | 2.9% | -$1,136 | $394,951 | $1,860/mo | 0.46 |