1605 W 5th StOwensboroKY42301
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Owensboro at 1605 W 5th St, Owensboro, KY, 42301 generates $1,583/mo in rent and, after a $1,076/mo payment, leaves $245/mo in cash flow. Total monthly income is $1,583/mo, and annual cash flow is $2,939/yr on $72,897 invested. Return on cash invested sits at 23.94% in year one, and rental yield is 8.64% on a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 124.32% and total cumulative return in cash sums $90,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,583/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
6,141 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices