229 Springer DrHendersonKY42420
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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 Henderson at 229 Springer Dr, Henderson, KY, 42420 priced at $199,000 pairs $1,494/mo rent with $283/mo cash flow after a $974/mo payment. Total monthly income equals $1,494/mo, and annual cash flow comes to $3,394/yr on $65,969 invested. Return on cash invested is 25.05% in year one, and rental yield stands at 9.01% on a $199,000 basis. Equity gained on principal adds $1,284/yr, and 5% annual appreciation accumulates to $54,980 by year five. Five-year ROI measures 130.27% and total cumulative return in cash reaches $85,938. For financing, Ziffy Mortgage’s DSCR program evaluates $1,494/mo property income against a $974/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1972
9,836 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42420, Henderson, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,891 (100%) |
| Owner Occupied HU | 9,402 (55.7%) |
| Renter Occupied HU | 6,001 (35.5%) |
| Vacant Housing Units | 1,488 ( 8.8%) |
| Median Home Value | $184,333 |
| Average Home Value | $221,084 |
Housing Distribution
Address Breakdown
Residential
16,406
Single Family
14,677
Multi-Family
1,729
Businesses
1,037
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