Turnkey Airbnb STR | Projected 10.8% Cap Rate
Turnkey Louisville Airbnb Investment | Grandfathered STR | Projected 10.8% Cap Rate
Marketing description
AIRBNB INVESTMENT OPPORTUNITY in the heart of Louisville offering a rare turnkey STR with strong projected returns and no CUP required. This fully furnished property at 611 Finzer St is zoned OR2 and grandfathered for short-term rental use, allowing the next owner to continue operations (buyer to register w/ the city within 30 days of closing). Configured as a 2BR with a 3rd room currently used as a bedroom (non-conforming), this functions as a 3BR opportunity with increased revenue potential. Based on AirDNA projections, the property is expected to generate ~$47,300/yr in gross revenue at ~60% occupancy and $215 ADR, producing an estimated NOI of ~$27,030 and a 10.8% cap rate at the $250K list price. The home will average ~73 bookings/yr w/ ~3-night stays and is being sold fully furnished
making it a true plug-and-play investment. Est. operating expenses total ~$20,270/yr including taxes, insurance, utilities, landscaping, maintenance reserves, and cleaning. With an est. DSCR of ~1.7 (based on 75% LTV, 7.5% rate, 30-yr am), this is a highly financeable asset w/ strong cash flow potential. Located in a proven STR corridor w/ consistent demand, this is ideal for investors seeking an income-producing Airbnb, furnished rental, or hybrid personal-use property. Grandfathered STR zoning, turnkey condition, and double-digit projected returns make this a standout opportunity. Accurate self-managed proforma under documents.
Investment highlights
• Turnkey, fully furnished Airbnb investment opportunity
• Grandfathered short-term rental use — no CUP required
• Zoned OR2 in a proven Louisville STR corridor
• Projected gross revenue of approximately $47,300/year
• Estimated NOI of approximately $27,030/year
• Projected 10.8% cap rate at asking price
• Estimated DSCR of approximately 1.7
• Strong financeability for DSCR and investor loan products
• Configured as a functional 3-bedroom layout
• Plug-and-play operation with furnishings included
• Estimated 73 bookings annually with ~3-night average stays
• Projected ~60% occupancy with ~$215 ADR
• Self-managed proforma available under documents
• Ideal for Airbnb, furnished rental, or hybrid personal-use strategy
• Buyer to register STR with city within 30 days of closing
• Low operational setup required for immediate income production
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
