304 Covington 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
Rental property for sale in Springfield at 304 Covington St, Springfield, KY, 40069 generates $1,238/mo in rent, after a $1,209/mo payment. Total monthly income is $1,238/mo. Return on cash invested sits at 16.02% in year one, and rental yield is 6.01% on a $247,000 entry. Equity gained on principal adds $1,594/yr, while 5% annual appreciation builds toward $68,242 over five years. Five-year ROI reaches 81.87% and total cumulative return in cash sums $67,036. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,238/mo property income rather than buyer’s personal income.
Single Family
Built in 1936
0.29 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: J. Michael Hale • Sell With Hale Realty & Auction, LLC
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1693659
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