3147 Allen StOwensboroKY42303
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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 3147 Allen St, Owensboro, KY, 42303 uses $57,184 cash to close to unlock $3,485/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $1,340/mo, and a $844/mo payment keeps the spread at $290/mo. Purchase price stands at $172,500, and rental yield measures 9.32% with $1,340/mo rent. Return on cash invested shows 26% in year one, and 5% annual appreciation builds toward $47,659 over five years. Five-year ROI reaches 135.44% and total cumulative return in cash records $77,450. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,340/mo property income covering a $844/mo payment rather than investor’s personal income.
Single Family
Built in 1958
5,335 sqft 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: Mason Carter • BHG Realty
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91979
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.