2200 Middleground Dr NOwensboroKY42301
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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 2200 Middleground Dr N, Owensboro, KY, 42301 offers a 7.89% rental yield on a $273,900 purchase with $1,800/mo rent. Total monthly income registers $1,800/mo, and a $1,341/mo payment leaves $133/mo available for distribution. Annual cash flow reaches $1,591/yr on $90,798 to close, and return on cash invested stands at 21.66% in year one. Equity gained on principal adds $1,767/yr while 5% annual appreciation supports $75,674 over five years. Portfolio math shows five-year ROI at 112.13% and total cumulative return in cash at $101,810. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,341/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
7,548 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42301, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,867 (100%) |
| Owner Occupied HU | 11,830 (59.5%) |
| Renter Occupied HU | 6,751 (34.0%) |
| Vacant Housing Units | 1,286 ( 6.5%) |
| Median Home Value | $204,095 |
| Average Home Value | $243,077 |
Housing Distribution
Address Breakdown
Residential
19,166
Single Family
18,429
Multi-Family
737
Businesses
1,200
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