611 Finzer St

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.

• 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