210 Rizer AveSpringfieldKY40069
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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 210 Rizer Ave, Springfield, KY, 40069 uses $59,637 cash to close to unlock $2,611/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $1,313/mo, and a $881/mo payment keeps the spread at $218/mo. Purchase price stands at $179,900, and rental yield measures 8.76% with $1,313/mo rent. Return on cash invested shows 24.29% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 126.24% and total cumulative return in cash records $75,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,313/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.29 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: J. Michael Hale • Sell With Hale Realty & Auction
Mls Name: GLARMLS
Mls ID: #1701511