3142 Oakridge CtOwensboroKY42303
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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 Owensboro at 3142 Oakridge Ct, Owensboro, KY, 42303 with 5% annual appreciation on a $599,000 basis while $4,277/mo rent supports operations. Total monthly income totals $4,277/mo and a $2,932/mo payment preserves $631/mo for cash returns. Annual cash flow comes to $7,574/yr on $197,071 deployed, and return on cash invested reaches 23.9% in year one. Equity gained on principal adds $3,865/yr, and five-year appreciation sums $165,493 alongside rental yield of 8.57%. Five-year ROI measures 124.11% and total cumulative return in cash totals $244,594.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,277/mo property income versus a $2,932/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1991
1.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42303, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,280 (100%) |
| Owner Occupied HU | 11,473 (62.8%) |
| Renter Occupied HU | 5,634 (30.8%) |
| Vacant Housing Units | 1,173 ( 6.4%) |
| Median Home Value | $219,454 |
| Average Home Value | $257,588 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
17,577
Multi-Family
82
Businesses
1,463
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Listed by: Lee Ann Beeler • TRIPLE CROWN REALTY GROUP, LLC
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #89907
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.