114 Washington 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 114 Washington Ave, Springfield, KY, 40069 earns $599/mo cash flow from $1,213/mo rent with a $494/mo payment. Total monthly income totals $1,213/mo, and annual cash flow totals $7,184/yr on $33,482 capital. ROI tracks 41.36% on current figures, and rental yield reads 14.41% at a $101,000 purchase. Equity gained on principal adds $652/yr, and 5% annual appreciation supports $27,904 over five years. Five-year ROI reaches 217.79% and total cumulative return in cash sums $72,918. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,213/mo property income instead of your personal income.
Single Family
Built in N/A
7,535 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: Timothy Saylor • EXP Realty, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24016115
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.