1745 Meece RdSomersetKY42501
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
Investment property for sale in Somerset at 1745 Meece Rd, Somerset, KY, 42501 uses $94,478 cash to close to unlock $9,628/yr annual cash flow and $802/mo monthly cash flow. Total monthly income runs $2,537/mo, and a $1,395/mo payment keeps the spread at $802/mo. Purchase price stands at $285,000, and rental yield measures 10.68% with $2,537/mo rent. Return on cash invested shows 30.1% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 157.39% and total cumulative return in cash records $148,698. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,537/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 2001
21.48 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Edward Purvis • Weichert Realtors Ford Brothers, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25505540
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.