1208 W 3rd StOwensboroKY42301
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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 1208 W 3rd St, Owensboro, KY, 42301 earns $482/mo cash flow from $1,577/mo rent with a $881/mo payment. Total monthly income totals $1,577/mo, and annual cash flow totals $5,778/yr on $59,670 capital. ROI tracks 29.59% on current figures, and rental yield reads 10.51% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 154.66% and total cumulative return in cash sums $92,285. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,577/mo property income instead of your personal income.
Single Family
Built in 1902
8,650 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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Listed by: Joshua Billings • Bluegrass Realty Pros, Inc
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91981
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.