107 Springview DrRichmondKY40475
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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
Rental property for sale in Richmond at 107 Springview Dr, Richmond, KY, 40475 priced at $189,500 pairs $1,861/mo rent with $707/mo cash flow after a $928/mo payment. Total monthly income equals $1,861/mo, and annual cash flow comes to $8,486/yr on $62,819 invested. Return on cash invested is 33.42% in year one, and rental yield stands at 11.78% on a $189,500 basis. Equity gained on principal adds $1,223/yr, and 5% annual appreciation accumulates to $52,355 by year five. Five-year ROI measures 175.23% and total cumulative return in cash reaches $110,075. For financing, Ziffy Mortgage’s DSCR program evaluates $1,861/mo property income against a $928/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40475, Richmond, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,247 (100%) |
| Owner Occupied HU | 15,772 (53.9%) |
| Renter Occupied HU | 11,180 (38.2%) |
| Vacant Housing Units | 2,295 ( 7.8%) |
| Median Home Value | $284,131 |
| Average Home Value | $320,088 |
Housing Distribution
Address Breakdown
Residential
28,136
Single Family
26,632
Multi-Family
1,504
Businesses
1,528
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Listed by: William Childers • WTC Realty LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009483
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.