1033 Lakemere RdSomersetKY42503
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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
Total monthly income runs $1,147/mo, and a $4,796/mo payment. Purchase price stands at $979,900, and rental yield measures 1.4% with $1,147/mo rent. Return on cash invested shows 2.13% in year one, and 5% annual appreciation builds toward $270,728 over five years. Five-year ROI reaches 7.35% and total cumulative return in cash records $23,681. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,147/mo property income covering a $4,796/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42503, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,462 (100%) |
| Owner Occupied HU | 7,347 (64.1%) |
| Renter Occupied HU | 2,858 (24.9%) |
| Vacant Housing Units | 1,257 (11.0%) |
| Median Home Value | $230,802 |
| Average Home Value | $295,258 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,812
Multi-Family
0
Businesses
602
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