1905 Reid RdOwensboroKY42303
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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 1905 Reid Rd, Owensboro, KY, 42303 uses $69,615 cash to close to unlock $4,893/yr annual cash flow and $408/mo monthly cash flow. Total monthly income runs $1,686/mo, and a $1,028/mo payment keeps the spread at $408/mo. Purchase price stands at $210,000, and rental yield measures 9.63% with $1,686/mo rent. Return on cash invested shows 26.94% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 140.41% and total cumulative return in cash records $97,744. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,686/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.29 Acres 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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Listed by: Mitchell Berry • Key Associates Signature Realty
Mls Name: HAMLS
Mls Provider:
Mls ID: #250381
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but is not guaranteed accurate by the MLS.