200 N Locust StSpringfieldKY40069
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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 200 N Locust St, Springfield, KY, 40069 at $103,500 posts ROI 41.23% with $610/mo cash flow from $1,240/mo rent. Total monthly income equals $1,240/mo, and annual cash flow records $7,316/yr on $34,310 to close. Return on cash invested measures 41.23% and rental yield reads 14.38% at the current $103,500. Equity gained on principal adds $668/yr, and 5% annual appreciation supports $28,595 by year five. Five-year ROI prints 217.09% and total cumulative return in cash totals $74,483.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,240/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
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
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Listed by: Steven P Wharton • Mcelroy Wharton & Boldrick RE LLC
Mls Name: My State MLS
Mls ID: #11362002