270 Velva DrLouisvilleKY40229
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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 270 Velva Dr, Louisville, KY, 40229 with 5% annual appreciation on a $189,900 basis while $1,591/mo rent supports operations. Total monthly income totals $1,591/mo and a $929/mo payment preserves $436/mo for cash returns. Annual cash flow comes to $5,228/yr on $62,952 deployed, and return on cash invested reaches 28.21% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 10.05%. Five-year ROI measures 147.26% and total cumulative return in cash totals $92,705.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,591/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1969
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40229, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,375 (100%) |
| Owner Occupied HU | 11,761 (71.8%) |
| Renter Occupied HU | 3,876 (23.7%) |
| Vacant Housing Units | 738 ( 4.5%) |
| Median Home Value | $229,194 |
| Average Home Value | $262,554 |
Housing Distribution
Address Breakdown
Residential
16,506
Single Family
15,554
Multi-Family
952
Businesses
430
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Listed by: Trish Ford • KELLER WILLIAMS LOUISVILLE
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25001084
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.