305 W Mount Vernon StSomersetKY42501
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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 305 W Mount Vernon St, Somerset, KY, 42501 earns $363/mo cash flow from $2,797/mo rent with a $1,957/mo payment. Total monthly income totals $2,797/mo, and annual cash flow totals $4,361/yr on $132,567 capital. ROI tracks 23.2% on current figures, and rental yield reads 8.39% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 120.36% and total cumulative return in cash sums $159,560. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,797/mo property income instead of your personal income.
Single Family
Built in 1972
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42501, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,624 (100%) |
| Owner Occupied HU | 4,624 (53.6%) |
| Renter Occupied HU | 2,893 (33.5%) |
| Vacant Housing Units | 1,107 (12.8%) |
| Median Home Value | $167,347 |
| Average Home Value | $236,454 |
Housing Distribution
Address Breakdown
Residential
7,945
Single Family
7,728
Multi-Family
217
Businesses
1,026
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