120 James Latham RdSomersetKY42503
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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 Somerset at 120 James Latham Rd, Somerset, KY, 42503 offers $1,147/mo rent that, after a $1,152/mo payment. Total monthly income is $1,147/mo. Return on cash invested measures 15.53% in year one, and rental yield stands at 5.85% at a $235,263 entry. Equity gained on principal adds $1,518/yr while 5% annual appreciation compounds into $64,999 by year five. Five-year ROI records 79.26% and total cumulative return in cash reaches $61,815. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,147/mo property income versus a $1,152/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
19.77 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: Lula Jean Burton • RE/MAX LakeTime Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24025773
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.