321 Meadowcrest DrSomersetKY42503
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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 321 Meadowcrest Dr, Somerset, KY, 42503 offers a 11.43% rental yield on a $294,900 purchase with $2,809/mo rent. Total monthly income registers $2,809/mo, and a $1,443/mo payment leaves $1,015/mo available for distribution. Annual cash flow reaches $12,175/yr on $97,759 to close, and return on cash invested stands at 32.36% in year one. Equity gained on principal adds $1,903/yr while 5% annual appreciation supports $81,475 over five years. Portfolio math shows five-year ROI at 169.49% and total cumulative return in cash at $165,691. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,809/mo property income against a $1,443/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1990
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42503, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,462 (100%) |
| Owner Occupied HU | 7,347 (64.1%) |
| Renter Occupied HU | 2,858 (24.9%) |
| Vacant Housing Units | 1,257 (11.0%) |
| Median Home Value | $230,802 |
| Average Home Value | $295,258 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,812
Multi-Family
0
Businesses
602
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Listed by: Matthew Fouch • Keller Williams Commonwealth - Somerset
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24014140
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.