203 Lebanon RdSpringfieldKY40069
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
Investment Highlights
Rental property for sale in Springfield at 203 Lebanon Rd, Springfield, KY, 40069 offers $1,231/mo rent that, after a $612/mo payment, leaves $470/mo cash flow. Total monthly income is $1,231/mo, and annual cash flow is $5,640/yr on $41,438 cash. Return on cash invested measures 33.52% in year one, and rental yield stands at 11.82% at a $125,000 entry. Equity gained on principal adds $807/yr while 5% annual appreciation compounds into $34,535 by year five. Five-year ROI records 175.85% and total cumulative return in cash reaches $72,869. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,231/mo property income versus a $612/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
7,840 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: J. Michael Hale • Sell With Hale Realty & Auction
Mls Name: GLARMLS
Mls ID: #1705714