108 Grande AveSomersetKY42501
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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 Somerset at 108 Grande Ave, Somerset, KY, 42501 listed at $170,500 pairs $1,398/mo rent with a $835/mo payment to leave $360/mo cash flow. Total monthly income runs $1,398/mo, and annual cash flow reaches $4,318/yr on $56,521 cash to close. Return on cash invested measures 27.55% in year one, and rental yield registers 9.84% at a $170,500 basis. Equity gained on principal adds $1,100/yr, and annual property appreciation at 5% supports $47,106 by year five. Five-year ROI tracks 143.69% and total cumulative return in cash totals $81,214. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,398/mo property income relative to a $835/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42501, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,624 (100%) |
| Owner Occupied HU | 4,624 (53.6%) |
| Renter Occupied HU | 2,893 (33.5%) |
| Vacant Housing Units | 1,107 (12.8%) |
| Median Home Value | $167,347 |
| Average Home Value | $236,454 |
Housing Distribution
Address Breakdown
Residential
7,945
Single Family
7,728
Multi-Family
217
Businesses
1,026
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Listed by: Adam C Gullett • Century 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25006364
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.