1589 Parsons Pl APT 7LouisvilleKY40205
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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 1589 Parsons Pl APT 7, Louisville, KY, 40205 listed at $289,900 pairs $2,045/mo rent with a $1,419/mo payment to leave $281/mo cash flow. Total monthly income runs $2,045/mo, and annual cash flow reaches $3,366/yr on $96,102 cash to close. Return on cash invested measures 23.41% in year one, and rental yield registers 8.46% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 121.52% and total cumulative return in cash totals $116,781. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,045/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40205, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 7,728 (69.8%) |
| Renter Occupied HU | 2,563 (23.2%) |
| Vacant Housing Units | 776 ( 7.0%) |
| Median Home Value | $391,674 |
| Average Home Value | $445,327 |
Housing Distribution
Address Breakdown
Residential
10,909
Single Family
8,803
Multi-Family
2,106
Businesses
567
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Listed by: Kristina Breland • The Breland Group
Mls Name: GLARMLS
Mls ID: #1695914