1635 Forrest Ln, Owensboro, KY, 42301 | $221/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1635 Forrest Ln, Owensboro, KY, 42301 | $221/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Owensboro at 1635 Forrest Ln, Owensboro, KY, 42301 generates $2,137/mo in rent and, after a $1,541/mo payment, leaves $221/mo in cash flow. Total monthly income is $2,137/mo, and annual cash flow is $2,649/yr on $104,389 invested. Return on cash invested sits at 22.45% in year one, and rental yield is 8.14% on a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 116.31% and total cumulative return in cash sums $121,414. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,137/mo property income rather than buyer’s personal income.

Single Family

Built in 1969

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

All-Brick 4-Bedroom Home with Double Garages & Entertainers Getaway You'll love the extra space this 4-bedroom, 2-bathroom home offers in the desirable Town & Country subdivision on the southwest side of Owensboro all inside the loop and close to shopping, recreation, and great schools. Classic curb appeal greets you with a large covered front porch and formal foyer leading into a traditional living room and dining room. The heart of the home is a spacious great room with a breakfast dining area, perfect for gatherings and everyday living. The kitchen features granite countertops and a brand-new refrigerator for modern convenience. A two-car attached garage plus a second detached garage converted into an entertainers getaway complete with heating, cooling, and a hot tub gives you flexible space for work or play. Step outside to a large covered, raised side patio that extends your living space, while the privacy-fenced backyard offers plenty of room to enjoy. Inside, cozy up to the fireplace this fall and take comfort knowing a new roof has recently been installed, adding long-term peace of mind. Don't miss your chance to settle into this spacious, all-brick home with modern updates and plenty of room to enjoy life schedule your showing today!

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