211 La Fontenay Ct #211LouisvilleKY40223
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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 211 La Fontenay Ct #211, Louisville, KY, 40223 uses $51,383 cash to close to unlock $3,387/yr annual cash flow and $282/mo monthly cash flow. Total monthly income runs $1,226/mo, and a $759/mo payment keeps the spread at $282/mo. Purchase price stands at $155,000, and rental yield measures 9.49% with $1,226/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 138.12% and total cumulative return in cash records $70,972. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,226/mo property income covering a $759/mo payment rather than investor’s personal income.
Condo
Built in 1971
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40223, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,146 (100%) |
| Owner Occupied HU | 6,920 (62.1%) |
| Renter Occupied HU | 3,358 (30.1%) |
| Vacant Housing Units | 868 ( 7.8%) |
| Median Home Value | $363,815 |
| Average Home Value | $409,810 |
Housing Distribution
Address Breakdown
Residential
11,122
Single Family
9,982
Multi-Family
1,140
Businesses
1,373
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Listed by: McKenna C Whorton • Gant Hill & Associates, LLC
Mls Name: GLARMLS
Mls ID: #1700110