2611 Narragansett DrLouisvilleKY40210
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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 2611 Narragansett Dr, Louisville, KY, 40210 uses $49,692 cash to close to unlock $6,208/yr annual cash flow and $517/mo monthly cash flow. Total monthly income runs $1,430/mo, and a $734/mo payment keeps the spread at $517/mo. Purchase price stands at $149,900, and rental yield measures 11.45% with $1,430/mo rent. Return on cash invested shows 32.4% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 169.76% and total cumulative return in cash records $84,359. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,430/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1942
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40210, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,843 (100%) |
| Owner Occupied HU | 2,356 (34.4%) |
| Renter Occupied HU | 3,182 (46.5%) |
| Vacant Housing Units | 1,305 (19.1%) |
| Median Home Value | $83,789 |
| Average Home Value | $153,160 |
Housing Distribution
Address Breakdown
Residential
6,311
Single Family
5,773
Multi-Family
538
Businesses
319
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Listed by: David Espinosa • Bluegrass Realty Pros, Inc
Mls Name: GLARMLS
Mls ID: #1705952