2507 Veach RdOwensboroKY42303
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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 2507 Veach Rd, Owensboro, KY, 42303 priced at $134,900 converts $1,081/mo rent into $260/mo cash flow after a $660/mo obligation. Total monthly income equals $1,081/mo, and annual cash flow totals $3,123/yr on $44,719 invested. Return on cash invested prints 26.89% in year one, and rental yield reads 9.62% against a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation compiles into $37,270 by year five. Five-year ROI reaches 140.25% and total cumulative return in cash sums $62,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,081/mo property income covering a $660/mo payment, not borrower’s personal income.
Single Family
Built in 1936
4,500 sqft lot
$N/A/sqft
No 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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Listed by: Deana Brewer • TONY CLARK, REALTORS
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91339
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.