2387 Watson CirOwensboroKY42301
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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 2387 Watson Cir, Owensboro, KY, 42301 uses $96,102 cash to close to unlock $1,206/yr annual cash flow and $101/mo monthly cash flow. Total monthly income runs $1,865/mo, and a $1,419/mo payment keeps the spread at $101/mo. Purchase price stands at $289,900, and rental yield measures 7.72% with $1,865/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 109.46% and total cumulative return in cash records $105,189. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,865/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2021
6,838 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: Diane L Brancato • RE/MAX PROFESSIONAL REALTY GROUP
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91951
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.