307 Donard Park AveLouisvilleKY40218
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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 307 Donard Park Ave, Louisville, KY, 40218 with 5% annual appreciation on a $155,000 basis while $1,173/mo rent supports operations. Total monthly income totals $1,173/mo and a $759/mo payment preserves $229/mo for cash returns. Annual cash flow comes to $2,751/yr on $51,383 deployed, and return on cash invested reaches 25.26% in year one. Equity gained on principal adds $1,000/yr, and five-year appreciation sums $42,824 alongside rental yield of 9.08%. Five-year ROI measures 131.52% and total cumulative return in cash totals $67,576.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,173/mo property income versus a $759/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1984
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40218, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,478 (100%) |
| Owner Occupied HU | 6,879 (47.5%) |
| Renter Occupied HU | 6,360 (43.9%) |
| Vacant Housing Units | 1,239 ( 8.6%) |
| Median Home Value | $209,730 |
| Average Home Value | $235,809 |
Housing Distribution
Address Breakdown
Residential
14,077
Single Family
10,571
Multi-Family
3,506
Businesses
1,315
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Listed by: Kevin T Hoback • TC Realty
Mls Name: GLARMLS
Mls ID: #1705803