11915 State Highway 60 ELewisportKY42351
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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 Lewisport at 11915 State Highway 60 E, Lewisport, KY, 42351 generates $1,747/mo in rent and, after a $1,282/mo payment, leaves $153/mo in cash flow. Total monthly income is $1,747/mo, and annual cash flow is $1,833/yr on $86,853 invested. Return on cash invested sits at 22.02% in year one, and rental yield is 8% on a $262,000 entry. Equity gained on principal adds $1,691/yr, while 5% annual appreciation builds toward $72,386 over five years. Five-year ROI reaches 114.02% and total cumulative return in cash sums $99,033. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,747/mo property income rather than buyer’s personal income.
Single Family
Built in 2002
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42351, Lewisport, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,908 (100%) |
| Owner Occupied HU | 1,294 (67.8%) |
| Renter Occupied HU | 443 (23.2%) |
| Vacant Housing Units | 171 ( 9.0%) |
| Median Home Value | $184,491 |
| Average Home Value | $198,431 |
Housing Distribution
Address Breakdown
Residential
1,707
Single Family
1,707
Multi-Family
0
Businesses
86
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Listed by: Brian M Luttrell • RE/MAX PROFESSIONAL REALTY GROUP
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91184
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.