1506 Audubon PkwyLouisvilleKY40213
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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 1506 Audubon Pkwy, Louisville, KY, 40213 offers a 8.06% rental yield on a $269,000 purchase with $1,806/mo rent. Total monthly income registers $1,806/mo, and a $1,317/mo payment leaves $168/mo available for distribution. Annual cash flow reaches $2,021/yr on $89,174 to close, and return on cash invested stands at 22.18% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 114.88% and total cumulative return in cash at $102,443. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,806/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40213, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,522 (100%) |
| Owner Occupied HU | 4,211 (56.0%) |
| Renter Occupied HU | 2,733 (36.3%) |
| Vacant Housing Units | 578 ( 7.7%) |
| Median Home Value | $204,545 |
| Average Home Value | $258,518 |
Housing Distribution
Address Breakdown
Residential
7,568
Single Family
7,172
Multi-Family
396
Businesses
863
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Listed by: Leia Nazar Spickard • White Picket Real Estate
Mls Name: GLARMLS
Mls ID: #1698626