246 El Conquistador PlLouisvilleKY40220
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Nearby investment properties with comparable prices
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 246 El Conquistador Pl, Louisville, KY, 40220 offers a 9.47% rental yield on a $129,900 purchase with $1,025/mo rent. Total monthly income registers $1,025/mo, and a $636/mo payment leaves $234/mo available for distribution. Annual cash flow reaches $2,810/yr on $43,062 to close, and return on cash invested stands at 26.44% in year one. Equity gained on principal adds $838/yr while 5% annual appreciation supports $35,889 over five years. Portfolio math shows five-year ROI at 137.79% and total cumulative return in cash at $59,335. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,025/mo property income against a $636/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40220, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,103 (100%) |
| Owner Occupied HU | 9,534 (59.2%) |
| Renter Occupied HU | 5,515 (34.2%) |
| Vacant Housing Units | 1,054 ( 6.5%) |
| Median Home Value | $259,893 |
| Average Home Value | $287,329 |
Housing Distribution
Address Breakdown
Residential
15,639
Single Family
12,305
Multi-Family
3,334
Businesses
603
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Listed by: Senahid Bektas • Key Point Realty
Mls Name: GLARMLS
Mls ID: #1705724