105 Rizer AveSpringfieldKY40069
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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 Springfield at 105 Rizer Ave, Springfield, KY, 40069 offers a 10.05% rental yield on a $149,900 purchase with $1,256/mo rent. Total monthly income registers $1,256/mo, and a $734/mo payment leaves $343/mo available for distribution. Annual cash flow reaches $4,120/yr on $49,692 to close, and return on cash invested stands at 28.2% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 147.23% and total cumulative return in cash at $73,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,256/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40069, Springfield, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,823 (100%) |
| Owner Occupied HU | 2,631 (68.8%) |
| Renter Occupied HU | 838 (21.9%) |
| Vacant Housing Units | 354 ( 9.3%) |
| Median Home Value | $216,758 |
| Average Home Value | $284,181 |
Housing Distribution
Address Breakdown
Residential
3,704
Single Family
3,693
Multi-Family
11
Businesses
278
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Listed by: J. Michael Hale • Sell With Hale Realty & Auction
Mls Name: GLARMLS
Mls ID: #1703610