220 E Grundy 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
Rental property for sale in Springfield at 220 E Grundy Ave, Springfield, KY, 40069 priced at $128,000 converts $1,612/mo rent into $833/mo cash flow after a $627/mo obligation. Total monthly income equals $1,612/mo, and annual cash flow totals $10,002/yr on $42,432 invested. Return on cash invested prints 43.48% in year one, and rental yield reads 15.11% against a $128,000 entry. Equity gained on principal adds $826/yr, while 5% annual appreciation compiles into $35,364 by year five. Five-year ROI reaches 229.15% and total cumulative return in cash sums $97,235. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,612/mo property income covering a $627/mo payment, not borrower’s personal income.
Single Family
Built in 1925
7,000 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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