113 Griffin 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 113 Griffin Ave, Somerset, KY, 42501 listed at $184,500 pairs $1,470/mo rent with a $903/mo payment to leave $347/mo cash flow. Total monthly income runs $1,470/mo, and annual cash flow reaches $4,166/yr on $61,162 cash to close. Return on cash invested measures 26.72% in year one, and rental yield registers 9.56% at a $184,500 basis. Equity gained on principal adds $1,191/yr, and annual property appreciation at 5% supports $50,974 by year five. Five-year ROI tracks 139.31% and total cumulative return in cash totals $85,202. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,470/mo property income relative to a $903/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
9,801 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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