716 Algonquin PkwyLouisvilleKY40208
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
Rental property for sale in Louisville at 716 Algonquin Pkwy, Louisville, KY, 40208 priced at $114,900 converts $917/mo rent into $218/mo cash flow after a $562/mo obligation. Total monthly income equals $917/mo, and annual cash flow totals $2,617/yr on $38,089 invested. Return on cash invested prints 26.78% in year one, and rental yield reads 9.58% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 139.67% and total cumulative return in cash sums $53,198. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $917/mo property income covering a $562/mo payment, not borrower’s personal income.
Single Family
Built in 1948
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40208, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,432 (100%) |
| Owner Occupied HU | 1,531 (20.6%) |
| Renter Occupied HU | 4,806 (64.7%) |
| Vacant Housing Units | 1,095 (14.7%) |
| Median Home Value | $197,091 |
| Average Home Value | $312,058 |
Housing Distribution
Address Breakdown
Residential
5,472
Single Family
4,033
Multi-Family
1,439
Businesses
409
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Manhar Gadhiya • Gadhiya Realty LLC
Mls Name: GLARMLS
Mls ID: #1704077