1577 Meece RdSomersetKY42501
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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 1577 Meece Rd, Somerset, KY, 42501 generates $3,220/mo in rent and, after a $2,198/mo payment, leaves $487/mo in cash flow. Total monthly income is $3,220/mo, and annual cash flow is $5,843/yr on $148,844 invested. Return on cash invested sits at 23.83% in year one, and rental yield is 8.61% on a $449,000 entry. Equity gained on principal adds $2,897/yr, while 5% annual appreciation builds toward $124,050 over five years. Five-year ROI reaches 123.75% and total cumulative return in cash sums $184,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,220/mo property income rather than buyer’s personal income.
Single Family
Built in 2008
5 Acres 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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Listed by: The Dream Team Real Estate Professionals - Dreama Bolin • Lake Cumberland Real Estate Professionals
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24018025
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.