219 Irene AveOwensboroKY42303
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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 Owensboro at 219 Irene Ave, Owensboro, KY, 42303 offers $1,651/mo rent that, after a $893/mo payment, leaves $541/mo cash flow. Total monthly income is $1,651/mo, and annual cash flow is $6,488/yr on $60,466 cash. Return on cash invested measures 30.64% in year one, and rental yield stands at 10.86% at a $182,400 entry. Equity gained on principal adds $1,177/yr while 5% annual appreciation compounds into $50,394 by year five. Five-year ROI records 160.28% and total cumulative return in cash reaches $96,914. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,651/mo property income versus a $893/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
1 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: Lizbeth Gonzalez • KELLER WILLIAMS ELITE
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91870
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.