1040 Springfield RdElizabethtownKY42701
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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 Elizabethtown at 1040 Springfield Rd, Elizabethtown, KY, 42701 listed at $289,900 pairs $1,420/mo rent with a $1,419/mo payment. Total monthly income runs $1,420/mo. Return on cash invested measures 15.61% in year one, and rental yield registers 5.88% at a $289,900 basis. Equity gained on principal adds $1,871/yr, and annual property appreciation at 5% supports $80,094 by year five. Five-year ROI tracks 79.65% and total cumulative return in cash totals $76,545. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,420/mo property income relative to a $1,419/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42701, Elizabethtown, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,939 (100%) |
| Owner Occupied HU | 14,459 (58.0%) |
| Renter Occupied HU | 8,441 (33.8%) |
| Vacant Housing Units | 2,039 ( 8.2%) |
| Median Home Value | $285,806 |
| Average Home Value | $315,613 |
Housing Distribution
Address Breakdown
Residential
23,162
Single Family
22,694
Multi-Family
468
Businesses
1,879
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Listed by: Chris Howard • Green Team Real Estate Services
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25002987
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.