Palmary Plan, Fordham ParkLouisvilleKY40245
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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 Palmary Plan, Fordham Park, Louisville, KY, 40245 offers a 8.86% rental yield on a $393,990 purchase with $2,908/mo rent. Total monthly income registers $2,908/mo, and a $1,928/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,126/yr on $130,608 to close, and return on cash invested stands at 24.6% in year one. Equity gained on principal adds $2,542/yr while 5% annual appreciation supports $108,852 over five years. Portfolio math shows five-year ROI at 127.87% and total cumulative return in cash at $167,005. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,908/mo property income against a $1,928/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40245, Louisville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,773 (100%) |
| Owner Occupied HU | 11,704 (74.2%) |
| Renter Occupied HU | 3,085 (19.6%) |
| Vacant Housing Units | 984 ( 6.2%) |
| Median Home Value | $435,976 |
| Average Home Value | $469,049 |
Housing Distribution
Address Breakdown
Residential
16,147
Single Family
14,505
Multi-Family
1,642
Businesses
369
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Listed by: N/A • Pulte Homes
Mls Name: Pulte
Mls Provider:
Mls ID: #N/A