1133 Lakeview 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 1133 Lakeview Dr, Somerset, KY, 42503 uses $76,245 cash to close to unlock $2,423/yr annual cash flow and $202/mo monthly cash flow. Total monthly income runs $1,602/mo, and a $1,126/mo payment keeps the spread at $202/mo. Purchase price stands at $230,000, and rental yield measures 8.36% with $1,602/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 119.73% and total cumulative return in cash records $91,291. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,602/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in N/A
2 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: Erica Stevenson Nalle • Weichert Realtors Ford Brothers, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25010864
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.