824 Packard AveParkway VillageKY40217
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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 Parkway Village at 824 Packard Ave, Parkway Village, KY, 40217 at $310,000 posts ROI 22.04% with $183/mo cash flow from $2,069/mo rent. Total monthly income equals $2,069/mo, and annual cash flow records $2,191/yr on $102,765 to close. Return on cash invested measures 22.04% and rental yield reads 8.01% at the current $310,000. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,647 by year five. Five-year ROI prints 114.14% and total cumulative return in cash totals $117,295.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,069/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40217, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,046 (100%) |
| Owner Occupied HU | 3,581 (50.8%) |
| Renter Occupied HU | 2,834 (40.2%) |
| Vacant Housing Units | 631 ( 9.0%) |
| Median Home Value | $235,736 |
| Average Home Value | $252,444 |
Housing Distribution
Address Breakdown
Residential
6,241
Single Family
5,340
Multi-Family
901
Businesses
427
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Listed by: Courtney D Dietrich • Enrich Realty, LLC
Mls Name: GLARMLS
Mls ID: #1697276