209 Mimosa AveSomersetKY42503
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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 Somerset at 209 Mimosa Ave, Somerset, KY, 42503 listed at $194,500 pairs $1,522/mo rent with a $952/mo payment to leave $338/mo cash flow. Total monthly income runs $1,522/mo, and annual cash flow reaches $4,059/yr on $64,477 cash to close. Return on cash invested measures 26.2% in year one, and rental yield registers 9.39% at a $194,500 basis. Equity gained on principal adds $1,255/yr, and annual property appreciation at 5% supports $53,737 by year five. Five-year ROI tracks 136.51% and total cumulative return in cash totals $88,017. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,522/mo property income relative to a $952/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1972
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42503, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,462 (100%) |
| Owner Occupied HU | 7,347 (64.1%) |
| Renter Occupied HU | 2,858 (24.9%) |
| Vacant Housing Units | 1,257 (11.0%) |
| Median Home Value | $230,802 |
| Average Home Value | $295,258 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,812
Multi-Family
0
Businesses
602
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Listed by: Lula Jean Burton • Re/Max Laketime Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24016528
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