313 Grove 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 313 Grove St, Somerset, KY, 42501 with 5% annual appreciation on a $189,300 basis while $1,616/mo rent supports operations. Total monthly income totals $1,616/mo and a $927/mo payment preserves $463/mo for cash returns. Annual cash flow comes to $5,561/yr on $62,753 deployed, and return on cash invested reaches 28.77% in year one. Equity gained on principal adds $1,222/yr, and five-year appreciation sums $52,300 alongside rental yield of 10.24%. Five-year ROI measures 150.28% and total cumulative return in cash totals $94,305.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,616/mo property income versus a $927/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.35 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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Listed by: Sallye Broyles • Re/Max Laketime Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24020768
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.