2100 Palatka RdLouisvilleKY40214
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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
Rental property for sale in Louisville at 2100 Palatka Rd, Louisville, KY, 40214 generates $3,270/mo in rent and, after a $1,762/mo payment, leaves $1,079/mo in cash flow. Total monthly income is $3,270/mo, and annual cash flow is $12,948/yr on $119,340 invested. Return on cash invested sits at 30.76% in year one, and rental yield is 10.9% on a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 160.87% and total cumulative return in cash sums $191,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,270/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
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Listed by: Stephen F Priest • S. G. Priest Company, REALTORS
Mls Name: GLARMLS
Mls ID: #1697972