407 Springmill DrCold SpringKY41076
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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 Cold Spring at 407 Springmill Dr, Cold Spring, KY, 41076 earns $736/mo cash flow from $2,013/mo rent with a $1,027/mo payment. Total monthly income totals $2,013/mo, and annual cash flow totals $8,830/yr on $69,582 capital. ROI tracks 32.6% on current figures, and rental yield reads 11.51% at a $209,900 purchase. Equity gained on principal adds $1,354/yr, and 5% annual appreciation supports $57,992 over five years. Five-year ROI reaches 170.75% and total cumulative return in cash sums $118,808. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,013/mo property income instead of your personal income.
Townhouse
Built in 1997
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41076, Newport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,771 (100%) |
| Owner Occupied HU | 5,539 (71.3%) |
| Renter Occupied HU | 1,911 (24.6%) |
| Vacant Housing Units | 321 ( 4.1%) |
| Median Home Value | $275,264 |
| Average Home Value | $293,103 |
Housing Distribution
Address Breakdown
Residential
7,486
Single Family
5,195
Multi-Family
2,291
Businesses
480
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Listed by: Sara Hensley • Cahill Real Estate Services
Mls Name: NKMLS
Mls ID: #633964