3021 Clear Springs DrLondonKY40744
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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 London at 3021 Clear Springs Dr, London, KY, 40744 earns $1,191/mo cash flow from $2,360/mo rent with a $940/mo payment. Total monthly income totals $2,360/mo, and annual cash flow totals $14,294/yr on $63,648 capital. ROI tracks 42.37% on current figures, and rental yield reads 14.75% at a $192,000 purchase. Equity gained on principal adds $1,239/yr, and 5% annual appreciation supports $53,046 over five years. Five-year ROI reaches 223.22% and total cumulative return in cash sums $142,072. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,360/mo property income instead of your personal income.
Single Family
Built in 1984
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40744, London, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,192 (100%) |
| Owner Occupied HU | 5,614 (68.5%) |
| Renter Occupied HU | 1,960 (23.9%) |
| Vacant Housing Units | 618 ( 7.5%) |
| Median Home Value | $171,588 |
| Average Home Value | $215,546 |
Housing Distribution
Address Breakdown
Residential
8,043
Single Family
7,870
Multi-Family
173
Businesses
255
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Listed by: Donald Sauer • RE/MAX LakeTime Realty London
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25019230
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.