1068 Spring RdWallingfordKY41093
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wallingford at 1068 Spring Rd, Wallingford, KY, 41093 offers a 9% rental yield on a $265,999 purchase with $1,996/mo rent. Total monthly income registers $1,996/mo, and a $1,302/mo payment leaves $377/mo available for distribution. Annual cash flow reaches $4,524/yr on $88,179 to close, and return on cash invested stands at 25.04% in year one. Equity gained on principal adds $1,716/yr while 5% annual appreciation supports $73,491 over five years. Portfolio math shows five-year ROI at 130.27% and total cumulative return in cash at $114,869. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,996/mo property income against a $1,302/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
5.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41093, Wallingford, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,268 (100%) |
| Owner Occupied HU | 888 (70.0%) |
| Renter Occupied HU | 197 (15.5%) |
| Vacant Housing Units | 183 (14.4%) |
| Median Home Value | $137,946 |
| Average Home Value | $202,396 |
Housing Distribution
Address Breakdown
Residential
1,145
Single Family
1,145
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Devin Luckett • Knob & Key Realty, LLC
Mls Name: GLARMLS
Mls ID: #1704735