2287 Old Elizabethtown RdSpringfieldKY40069
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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 2287 Old Elizabethtown Rd, Springfield, KY, 40069 generates $1,500/mo in rent and, after a $964/mo payment, leaves $301/mo in cash flow. Total monthly income is $1,500/mo, and annual cash flow is $3,616/yr on $65,272 invested. Return on cash invested sits at 25.45% in year one, and rental yield is 9.14% on a $196,900 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation builds toward $54,400 over five years. Five-year ROI reaches 132.45% and total cumulative return in cash sums $86,455. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,500/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
1.03 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: Bailey R Mashburn • Area One Realty, LLC
Mls Name: GLARMLS
Mls ID: #1701909