Forsythia Plan, Aspire at Orchard ParkLouisvilleOH44641
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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
Rental property for sale in Louisville at Forsythia Plan, Aspire at Orchard Park, Louisville, OH, 44641 priced at $291,990 converts $2,728/mo rent into $807/mo cash flow after a $1,429/mo obligation. Total monthly income equals $2,728/mo, and annual cash flow totals $9,690/yr on $96,795 invested. Return on cash invested prints 29.92% in year one, and rental yield reads 11.21% against a $291,990 entry. Equity gained on principal adds $1,884/yr, while 5% annual appreciation compiles into $80,671 by year five. Five-year ROI reaches 157.04% and total cumulative return in cash sums $152,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,728/mo property income covering a $1,429/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44641, Louisville, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,828 (100%) |
| Owner Occupied HU | 6,334 (71.7%) |
| Renter Occupied HU | 2,102 (23.8%) |
| Vacant Housing Units | 392 ( 4.4%) |
| Median Home Value | $222,565 |
| Average Home Value | $241,663 |
Housing Distribution
Address Breakdown
Residential
8,691
Single Family
8,360
Multi-Family
331
Businesses
432
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Listed by: N/A • K Hovnanian Homes
Mls Name: K. Hovnanian Companies, LLC
Mls Provider:
Mls ID: #N/A