340 Shop LnSpringfieldKY40069
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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 340 Shop Ln, Springfield, KY, 40069 at $422,000 posts ROI 23.78% with $451/mo cash flow from $3,019/mo rent. Total monthly income equals $3,019/mo, and annual cash flow records $5,413/yr on $139,893 to close. Return on cash invested measures 23.78% and rental yield reads 8.58% at the current $422,000. Equity gained on principal adds $2,723/yr, and 5% annual appreciation supports $116,591 by year five. Five-year ROI prints 123.48% and total cumulative return in cash totals $172,739.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,019/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2012
6.62 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: Shellie Washer • HardinHomes.com
Mls Name: HKMLS
Mls Provider:
Mls ID: #HK24002260
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.