318 N Maple 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 318 N Maple St, Somerset, KY, 42501 with 5% annual appreciation on a $139,000 basis while $1,416/mo rent supports operations. Total monthly income totals $1,416/mo and a $680/mo payment preserves $570/mo for cash returns. Annual cash flow comes to $6,844/yr on $46,079 deployed, and return on cash invested reaches 34.76% in year one. Equity gained on principal adds $897/yr, and five-year appreciation sums $38,403 alongside rental yield of 12.22%. Five-year ROI measures 182.45% and total cumulative return in cash totals $84,068.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,416/mo property income versus a $680/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1970
7,800 sqft 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: Melodie Lincavage • Re/Max Elite Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24020640
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.