310 El Conquistador Pl #310LouisvilleKY40220
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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 310 El Conquistador Pl #310, Louisville, KY, 40220 offers a 9.63% rental yield on a $109,775 purchase with $881/mo rent. Total monthly income registers $881/mo, and a $537/mo payment leaves $213/mo available for distribution. Annual cash flow reaches $2,558/yr on $36,390 to close, and return on cash invested stands at 26.94% in year one. Equity gained on principal adds $708/yr while 5% annual appreciation supports $30,329 over five years. Portfolio math shows five-year ROI at 140.55% and total cumulative return in cash at $51,145. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $881/mo property income against a $537/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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: Cyndi J Riddle • Riddle Realty
Mls Name: GLARMLS
Mls ID: #1704015