2709 Algonquin PkwyLouisvilleKY40210
Nearby investment properties with comparable rents
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
Rental property for sale in Louisville at 2709 Algonquin Pkwy, Louisville, KY, 40210 generates $1,152/mo in rent and, after a $783/mo payment, leaves $178/mo in cash flow. Total monthly income is $1,152/mo, and annual cash flow is $2,141/yr on $53,007 invested. Return on cash invested sits at 23.95% in year one, and rental yield is 8.65% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 124.41% and total cumulative return in cash sums $65,946. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,152/mo property income rather than buyer’s personal income.
Single Family
Built in 1951
5,227 sqft 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: Phil Moffett • Edelen & Edelen REALTORS
Mls Name: GLARMLS
Mls ID: #1704523