110 Slate Branch SpurSomersetKY42503
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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 Somerset at 110 Slate Branch Spur, Somerset, KY, 42503 priced at $139,000 converts $902/mo rent into $56/mo cash flow after a $680/mo obligation. Total monthly income equals $902/mo, and annual cash flow totals $676/yr on $46,079 invested. Return on cash invested prints 21.38% in year one, and rental yield reads 7.79% against a $139,000 entry. Equity gained on principal adds $897/yr, while 5% annual appreciation compiles into $38,403 by year five. Five-year ROI reaches 110.65% and total cumulative return in cash sums $50,984. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $902/mo property income covering a $680/mo payment, not borrower’s personal income.
Manufactured
Built in 1978
0.45 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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Listed by: Jill Johnson • Eagle Realty & Development LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25005896
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.