516 N Walnut 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
Investment property for sale in Springfield at 516 N Walnut St, Springfield, KY, 40069 listed at $239,900 pairs $1,700/mo rent with a $1,174/mo payment to leave $240/mo cash flow. Total monthly income runs $1,700/mo, and annual cash flow reaches $2,881/yr on $79,527 cash to close. Return on cash invested measures 23.53% in year one, and rental yield registers 8.5% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 122.19% and total cumulative return in cash totals $97,171. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,700/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
0.60 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: Larry Mccauley • Exit Realty McCauley
Mls Name: NY State MLS
Mls ID: #11630363