204 Cotter AveSomersetKY42501
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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
Rental property for sale in Somerset at 204 Cotter Ave, Somerset, KY, 42501 priced at $189,900 pairs $1,451/mo rent with $296/mo cash flow after a $929/mo payment. Total monthly income equals $1,451/mo, and annual cash flow comes to $3,548/yr on $62,952 invested. Return on cash invested is 25.55% in year one, and rental yield stands at 9.17% on a $189,900 basis. Equity gained on principal adds $1,225/yr, and 5% annual appreciation accumulates to $52,466 by year five. Five-year ROI measures 132.95% and total cumulative return in cash reaches $83,693. For financing, Ziffy Mortgage’s DSCR program evaluates $1,451/mo property income against a $929/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,712 sqft 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
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