21 Spillman DrAlexandriaKY41001
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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 Alexandria at 21 Spillman Dr, Alexandria, KY, 41001 with 5% annual appreciation on a $289,900 basis while $1,935/mo rent supports operations. Total monthly income totals $1,935/mo and a $1,419/mo payment preserves $171/mo for cash returns. Annual cash flow comes to $2,046/yr on $96,102 deployed, and return on cash invested reaches 22.04% in year one. Equity gained on principal adds $1,871/yr, and five-year appreciation sums $80,094 alongside rental yield of 8.01%. Five-year ROI measures 114.14% and total cumulative return in cash totals $109,689.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,935/mo property income versus a $1,419/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41001, Alexandria, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,022 (100%) |
| Owner Occupied HU | 6,498 (81.0%) |
| Renter Occupied HU | 1,199 (14.9%) |
| Vacant Housing Units | 325 ( 4.1%) |
| Median Home Value | $313,155 |
| Average Home Value | $363,314 |
Housing Distribution
Address Breakdown
Residential
8,104
Single Family
7,649
Multi-Family
455
Businesses
385
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Listed by: Madison Eisenman • Sibcy Cline, REALTORS-CC
Mls Name: NKMLS
Mls ID: #638843