111 Lair StSomersetKY42501
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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 111 Lair St, Somerset, KY, 42501 earns $814/mo cash flow from $1,444/mo rent with a $507/mo payment. Total monthly income totals $1,444/mo, and annual cash flow totals $9,764/yr on $34,310 capital. ROI tracks 48.37% on current figures, and rental yield reads 16.74% at a $103,500 purchase. Equity gained on principal adds $668/yr, and 5% annual appreciation supports $28,595 over five years. Five-year ROI reaches 255.38% and total cumulative return in cash sums $87,623. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,444/mo property income instead of your personal income.
Single Family
Built in 1970
7,492 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: Sue Thompson • WEICHERT REALTORS - Ford Brothers
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #23022891
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.