1119 Independence AveOwensboroKY42301
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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 Owensboro at 1119 Independence Ave, Owensboro, KY, 42301 earns $437/mo cash flow from $1,289/mo rent with a $685/mo payment. Total monthly income totals $1,289/mo, and annual cash flow totals $5,247/yr on $46,377 capital. ROI tracks 31.22% on current figures, and rental yield reads 11.06% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 163.46% and total cumulative return in cash sums $75,807. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,289/mo property income instead of your personal income.
Single Family
Built in 1937
5,976 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42301, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,867 (100%) |
| Owner Occupied HU | 11,830 (59.5%) |
| Renter Occupied HU | 6,751 (34.0%) |
| Vacant Housing Units | 1,286 ( 6.5%) |
| Median Home Value | $204,095 |
| Average Home Value | $243,077 |
Housing Distribution
Address Breakdown
Residential
19,166
Single Family
18,429
Multi-Family
737
Businesses
1,200
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