1899 Croake Station RdSpringfieldKY40069
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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 1899 Croake Station Rd, Springfield, KY, 40069 listed at $675,000 pairs $1,738/mo rent with a $3,304/mo payment. Total monthly income runs $1,738/mo. Return on cash invested measures 7.25% in year one, and rental yield registers 3.09% at a $675,000 basis. Equity gained on principal adds $4,356/yr, and annual property appreciation at 5% supports $186,490 by year five. Five-year ROI tracks 34.8% and total cumulative return in cash totals $77,283. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,738/mo property income relative to a $3,304/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
30.34 Acres 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: Christopher D Bishop • Bishop Realty & Auction, LLC
Mls Name: GLARMLS
Mls ID: #1705299