288 El Conquistador PlLouisvilleKY40220
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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 288 El Conquistador Pl, Louisville, KY, 40220 uses $35,636 cash to close to unlock $2,195/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $837/mo, and a $526/mo payment keeps the spread at $183/mo. Purchase price stands at $107,500, and rental yield measures 9.34% with $837/mo rent. Return on cash invested shows 26.07% in year one, and 5% annual appreciation builds toward $29,700 over five years. Five-year ROI reaches 135.72% and total cumulative return in cash records $48,367. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $837/mo property income covering a $526/mo payment rather than investor’s personal income.
Condo
Built in 1975
N/A 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: AnnElizabeth Delahanty • United Real Estate Louisville
Mls Name: GLARMLS
Mls ID: #1698366