Springfield Plan, The Reserve of ParksideAlexandriaKY41001
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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 Alexandria at Springfield Plan, The Reserve of Parkside, Alexandria, KY, 41001 priced at $369,790 converts $2,659/mo rent into $408/mo cash flow after a $1,810/mo obligation. Total monthly income equals $2,659/mo, and annual cash flow totals $4,900/yr on $122,585 invested. Return on cash invested prints 23.91% in year one, and rental yield reads 8.63% against a $369,790 entry. Equity gained on principal adds $2,386/yr, while 5% annual appreciation compiles into $102,166 by year five. Five-year ROI reaches 124.15% and total cumulative return in cash sums $152,195. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,659/mo property income covering a $1,810/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 41001, Alexandria, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,022 (100%) |
| Owner Occupied HU | 6,498 (81.0%) |
| Renter Occupied HU | 1,199 (14.9%) |
| Vacant Housing Units | 325 ( 4.1%) |
| Median Home Value | $313,155 |
| Average Home Value | $363,314 |
Housing Distribution
Address Breakdown
Residential
8,104
Single Family
7,649
Multi-Family
455
Businesses
385
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Listed by: N/A • Fischer Homes
Mls Name: Fischer Homes
Mls ID: #N/A