200 N Locust StSpringfieldKY40069
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 200 N Locust St, Springfield, KY, 40069 in Springfield speaks for itself: 14.37% gross on a $103,500 price, generating $1,240/mo in rent and $610/mo in net income after the $465/mo debt service. DSCR 2.67, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,316 stacks alongside $28,595 in projected five-year appreciation and $953/yr in principal reduction. Projected total cumulative return: $78,495.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 7.0% |
| Monthly Cash Flow | $610 | $600 |
City averages based on Springfield market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,240 |
| Total Monthly Debt Service | $589 |
| DSCR Ratio | 2.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
N/A 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
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
Single Family
Built in 1948
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices