1629 Monarch AveOwensboroKY42303
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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 1629 Monarch Ave, Owensboro, KY, 42303 uses $44,719 cash to close to unlock $7,455/yr annual cash flow and $621/mo monthly cash flow. Total monthly income runs $1,442/mo, and a $660/mo payment keeps the spread at $621/mo. Purchase price stands at $134,900, and rental yield measures 12.83% with $1,442/mo rent. Return on cash invested shows 36.58% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 192.2% and total cumulative return in cash records $85,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,442/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1930
4,800 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42303, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,280 (100%) |
| Owner Occupied HU | 11,473 (62.8%) |
| Renter Occupied HU | 5,634 (30.8%) |
| Vacant Housing Units | 1,173 ( 6.4%) |
| Median Home Value | $219,454 |
| Average Home Value | $257,588 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
17,577
Multi-Family
82
Businesses
1,463
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