3108 Parkside CtLouisvilleKY40214
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
Investment property for sale in Louisville at 3108 Parkside Ct, Louisville, KY, 40214 offers a 9.6% rental yield on a $112,900 purchase with $903/mo rent. Total monthly income registers $903/mo, and a $553/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,586/yr on $37,426 to close, and return on cash invested stands at 26.82% in year one. Equity gained on principal adds $729/yr while 5% annual appreciation supports $31,192 over five years. Portfolio math shows five-year ROI at 139.82% and total cumulative return in cash at $52,330. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $903/mo property income against a $553/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: 40214, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,229 (100%) |
| Owner Occupied HU | 10,411 (51.5%) |
| Renter Occupied HU | 8,079 (39.9%) |
| Vacant Housing Units | 1,739 ( 8.6%) |
| Median Home Value | $217,200 |
| Average Home Value | $266,231 |
Housing Distribution
Address Breakdown
Residential
19,448
Single Family
16,703
Multi-Family
2,745
Businesses
857
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Victoria Lyalin • Semonin REALTORS
Mls Name: GLARMLS
Mls ID: #1696029