2924 State Highway 80SomersetKY42503
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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 Somerset at 2924 State Highway 80, Somerset, KY, 42503 listed at $209,500 pairs $1,920/mo rent with a $1,025/mo payment to leave $645/mo cash flow. Total monthly income runs $1,920/mo, and annual cash flow reaches $7,744/yr on $69,449 cash to close. Return on cash invested measures 31.06% in year one, and rental yield registers 11% at a $209,500 basis. Equity gained on principal adds $1,352/yr, and annual property appreciation at 5% supports $57,881 by year five. Five-year ROI tracks 162.55% and total cumulative return in cash totals $112,887. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,920/mo property income relative to a $1,025/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42503, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,462 (100%) |
| Owner Occupied HU | 7,347 (64.1%) |
| Renter Occupied HU | 2,858 (24.9%) |
| Vacant Housing Units | 1,257 (11.0%) |
| Median Home Value | $230,802 |
| Average Home Value | $295,258 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,812
Multi-Family
0
Businesses
602
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