220 W Main 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 220 W Main St, Springfield, KY, 40069 with 5% annual appreciation on a $215,000 basis while $2,412/mo rent supports operations. Total monthly income totals $2,412/mo and a $1,052/mo payment preserves $1,104/mo for cash returns. Annual cash flow comes to $13,245/yr on $71,273 deployed, and return on cash invested reaches 38.49% in year one. Equity gained on principal adds $1,387/yr, and five-year appreciation sums $59,401 alongside rental yield of 13.46%. Five-year ROI measures 202.36% and total cumulative return in cash totals $144,229.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,412/mo property income versus a $1,052/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1924
10,018 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: #1707712