224 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
Investment property for sale in Springfield at 224 E Grundy Ave, Springfield, KY, 40069 offers a 7.76% rental yield on a $228,500 purchase with $1,478/mo rent. Total monthly income registers $1,478/mo, and a $1,118/mo payment leaves $88/mo available for distribution. Annual cash flow reaches $1,052/yr on $75,748 to close, and return on cash invested stands at 21.3% in year one. Equity gained on principal adds $1,474/yr while 5% annual appreciation supports $63,130 over five years. Portfolio math shows five-year ROI at 110.17% and total cumulative return in cash at $83,452. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,478/mo property income against a $1,118/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.27 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: Trish Ford • KELLER WILLIAMS LOUISVILLE
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK25001246
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.