22 Quail Ridge Ct APT DOwensboroKY42303
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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 22 Quail Ridge Ct APT D, Owensboro, KY, 42303 priced at $155,000 converts $1,538/mo rent into $419/mo cash flow after a $759/mo obligation. Total monthly income equals $1,538/mo, and annual cash flow totals $5,031/yr on $51,383 invested. Return on cash invested prints 29.7% in year one, and rental yield reads 11.91% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 156.78% and total cumulative return in cash sums $80,560. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,538/mo property income covering a $759/mo payment, not borrower’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
$175 monthly 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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