2213 Boarman DrOwensboroKY42301
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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 2213 Boarman Dr, Owensboro, KY, 42301 priced at $159,900 converts $1,230/mo rent into $256/mo cash flow after a $783/mo obligation. Total monthly income equals $1,230/mo, and annual cash flow totals $3,077/yr on $53,007 invested. Return on cash invested prints 25.71% in year one, and rental yield reads 9.23% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 133.9% and total cumulative return in cash sums $70,974. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,230/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1972
5,610 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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Listed by: Selena Pearl • ROSE REALTY
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #92005
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.