423 Springmill DrCold SpringKY41076
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Cold Spring at 423 Springmill Dr, Cold Spring, KY, 41076 generates $2,102/mo in rent and, after a $1,199/mo payment, leaves $611/mo in cash flow. Total monthly income is $2,102/mo, and annual cash flow is $7,334/yr on $81,184 invested. Return on cash invested sits at 28.94% in year one, and rental yield is 10.3% on a $244,900 entry. Equity gained on principal adds $1,580/yr, while 5% annual appreciation builds toward $67,661 over five years. Five-year ROI reaches 151.22% and total cumulative return in cash sums $122,765. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,102/mo property income rather than buyer’s personal income.
Townhouse
Built in 1997
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara Hensley • Cahill Real Estate Services
Mls Name: NKMLS
Mls ID: #635281