1109 Donard Park AveLouisvilleKY40218
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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 1109 Donard Park Ave, Louisville, KY, 40218 uses $48,399 cash to close to unlock $4,476/yr annual cash flow and $373/mo monthly cash flow. Total monthly income runs $1,262/mo, and a $715/mo payment keeps the spread at $373/mo. Purchase price stands at $146,000, and rental yield measures 10.37% with $1,262/mo rent. Return on cash invested shows 29.16% in year one, and 5% annual appreciation builds toward $40,337 over five years. Five-year ROI reaches 152.4% and total cumulative return in cash records $73,762. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,262/mo property income covering a $715/mo payment rather than investor’s personal income.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40218, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 6,879 (47.5%) |
| Renter Occupied HU | 6,360 (43.9%) |
| Vacant Housing Units | 1,239 ( 8.6%) |
| Median Home Value | $209,730 |
| Average Home Value | $235,809 |
Housing Distribution
Address Breakdown
Residential
14,077
Single Family
10,571
Multi-Family
3,506
Businesses
1,315
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Listed by: Craig J Greenwell • RE/MAX Properties East
Mls Name: GLARMLS
Mls ID: #1707200