2811 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
Rental property for sale in Louisville at 2811 Narragansett Dr, Louisville, KY, 40210 generates $1,218/mo in rent and, after a $636/mo payment, leaves $427/mo in cash flow. Total monthly income is $1,218/mo, and annual cash flow is $5,126/yr on $43,062 invested. Return on cash invested sits at 31.81% in year one, and rental yield is 11.25% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 166.66% and total cumulative return in cash sums $71,767. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,218/mo property income rather than buyer’s personal income.
Single Family
Built in 1947
5,662 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: Robert E Ford • Stonelake Realtors, LLC
Mls Name: GLARMLS
Mls ID: #1701806