Fantastic rental opportunity located just blocks away from one of the biggest developments in the West end - Goodwill and Norton Opportunity Campus. This 1,100 square-foot property is an investor's dream. Rented for $1,250 per month, it surpasses the 1% rule and ensures strong cash flow. Recently renovated in the last two years, this 3-bedroom, 1-bath home offers modern comforts and appeal. With its prime location near shops like Kroger, as well as numerous restaurants and amenities, this property is perfectly positioned for both convenience and future growth. Don't miss your chance to secure this lucrative, cash-flowing rental property.
Property Details
Property Features
Property Information:
Year Built: 1900
Stories: 1
Living Area: 1,118 SqFt
Listing Office:
Office Name: Keller Williams Louisville East
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 3
Exterior Features
Parking Information:
Attached Garage: No
Parking: Street
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: Central Air
School Info
Assigned Schools Information:
Brown School, Public District Grades KG-12
Seneca High School, Public Magnet Grades 9-12
Western Middle School, Public District Grades 6-8
Crosby Middle School, Public District Grades 6-8
Byck Elementary School, Public Magnet Grades PK-5
Lincoln Elementary Performing Arts, Public District Grades KG-5
Other
Directions Information:
Directions: S 27th street located between W Broadway and Magazine Street
Price Information
Listing Price Info
Price Summary:
List Price: $108,000
Price Per SqFt: $97/SqFt
Tax Information:
Annual Amount: $358
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Louisville, KY.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$607
Per Month
Principal & Interest
$540
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$390
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
1
/10
Byck Elementary School
2328 Cedar St
Distance between this listing and this school0.43 miles
Public Magnet Grades PK-5
4
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school3.34 miles
Public District Grades KG-5
Middle School
3
/10
Western Middle School
2201 W Main St
Distance between this listing and this school0.81 miles
Public District Grades 6-8
4
/10
Crosby Middle School
303 Gatehouse Ln
Distance between this listing and this school13.08 miles
Public District Grades 6-8
High School
10
/10
Brown School
546 S 1st St
Distance between this listing and this school2.33 miles
Public District Grades KG-12
1
/10
Seneca High School
3510 Goldsmith Ln
Distance between this listing and this school8.21 miles
Public Magnet Grades 9-12
Assigned Schools
1
/10
Byck Elementary School
2328 Cedar St
Distance between this listing and this school0.43 miles
Public Magnet Grades PK-5
4
/10
Lincoln Elementary Performing Arts
930 E Main St
Distance between this listing and this school3.34 miles
Public District Grades KG-5
Nearby Schools
6
/10
Brandeis Elementary School
2817 W Kentucky St
Distance between this listing and this school0.54 miles
Public Magnet Grades PK-5
Assigned Schools
3
/10
Western Middle School
2201 W Main St
Distance between this listing and this school0.81 miles
Public District Grades 6-8
4
/10
Crosby Middle School
303 Gatehouse Ln
Distance between this listing and this school13.08 miles
Public District Grades 6-8
Nearby Schools
3
/10
Johnson Traditional Middle School
2509 Wilson Ave
Distance between this listing and this school1.17 miles
Public Magnet Grades 6-8
Assigned Schools
10
/10
Brown School
546 S 1st St
Distance between this listing and this school2.33 miles
Public District Grades KG-12
1
/10
Seneca High School
3510 Goldsmith Ln
Distance between this listing and this school8.21 miles
Public Magnet Grades 9-12
Nearby Schools
1
/10
The Academy @ Shawnee
4018 W Market St
Distance between this listing and this school1.29 miles
The neighbors living near this home have an average income of $14,048. Typical income of Louisville, KY residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 647 S 27th St
What is the listing price of this property?
The listing price of 647 S 27th St property is $108,000.
What type of property is this?
The property 647 S 27th St is a house located in Louisville, Kentucky, 40211.
Is this property for sale now?
Active Listing: 647 S 27th St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 647 S 27th St are: Byck Elementary School: GreatSchools Rating 1/10Lincoln Elementary Performing Arts: GreatSchools Rating 4/10Western Middle School: GreatSchools Rating 3/10Crosby Middle School: GreatSchools Rating 4/10Brown School: GreatSchools Rating 10/10Seneca High School: GreatSchools Rating 1/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $358 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 6, 2020 for $22,875. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 647 S 27th St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 647 S 27th St is 1,118 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 647 S 27th St is 1900.
This home is located at 647 S 27th St in Louisville, KY and zip code 40211 in the Russell neighborhood. This 1,118 square foot home, which was built in 1900, sits on a 0.09 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 21, 2024 and is currently priced at $108,000.
While more than 237 listings in Louisville, KY in April 2024 were sold above asking price, there were more than 199 listings sold at asking price, and more than 318 were sold below. The inventory of homes for sale in Louisville, KY between March 2024 and April 2024 increased by 3.6%. Listings spent 18 days on the market in April 2024, and had a median list price of $245,988 during the same period.
From Rocket Homes Real Estate and based on county public records data.