2419 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 2419 Middleground Dr N, Owensboro, KY, 42301 uses $84,499 cash to close to unlock $5,787/yr annual cash flow and $482/mo monthly cash flow. Total monthly income runs $2,034/mo, and a $1,248/mo payment keeps the spread at $482/mo. Purchase price stands at $254,900, and rental yield measures 9.58% with $2,034/mo rent. Return on cash invested shows 26.76% in year one, and 5% annual appreciation builds toward $70,424 over five years. Five-year ROI reaches 139.47% and total cumulative return in cash records $117,852. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,034/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.32 Acres 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: The Ryan Rutman Group • exp REALTY
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #92365
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.