1216 Spring RdWallingfordKY41093
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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 Wallingford at 1216 Spring Rd, Wallingford, KY, 41093 generates $1,022/mo in rent, after a $1,077/mo payment. Total monthly income is $1,022/mo. Return on cash invested sits at 14.69% in year one, and rental yield is 5.57% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 74.73% and total cumulative return in cash sums $54,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,022/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
53 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
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Listed by: Robert Earl Snedegar • United Country Land & Lifestyle Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25013370
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.