3015 Wallace CtSomersetKY42503
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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 Wallace Ct, Somerset, KY, 42503 uses $61,328 cash to close to unlock $2,922/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,369/mo, and a $905/mo payment keeps the spread at $244/mo. Purchase price stands at $185,000, and rental yield measures 8.88% with $1,369/mo rent. Return on cash invested shows 24.67% in year one, and 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 128.31% and total cumulative return in cash records $78,687. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,369/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in N/A
0.41 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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Listed by: Michael Dobbs • Century 21 Advantage Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24017581
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