3015 Simpson DrSomersetKY42503
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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 3015 Simpson Dr, Somerset, KY, 42503 earns $222/mo cash flow from $2,261/mo rent with a $1,640/mo payment. Total monthly income totals $2,261/mo, and annual cash flow totals $2,661/yr on $111,053 capital. ROI tracks 22.31% on current figures, and rental yield reads 8.1% at a $335,000 purchase. Equity gained on principal adds $2,162/yr, and 5% annual appreciation supports $92,554 over five years. Five-year ROI reaches 115.56% and total cumulative return in cash sums $128,336. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,261/mo property income instead of your personal income.
Single Family
Built in 1991
0.60 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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