11 Horizon Hill DrSomersetKY42503
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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 11 Horizon Hill Dr, Somerset, KY, 42503 uses $140,854 cash to close to unlock $10,088/yr annual cash flow and $841/mo monthly cash flow. Total monthly income runs $3,427/mo, and a $2,080/mo payment keeps the spread at $841/mo. Purchase price stands at $424,900, and rental yield measures 9.68% with $3,427/mo rent. Return on cash invested shows 27.07% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 141.12% and total cumulative return in cash records $198,777. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,427/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.63 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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