340 Lake Forest 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 340 Lake Forest Dr, Somerset, KY, 42503 offers a 9.48% rental yield on a $435,000 purchase with $3,437/mo rent. Total monthly income registers $3,437/mo, and a $2,129/mo payment leaves $790/mo available for distribution. Annual cash flow reaches $9,475/yr on $144,203 to close, and return on cash invested stands at 26.48% in year one. Equity gained on principal adds $2,807/yr while 5% annual appreciation supports $120,182 over five years. Portfolio math shows five-year ROI at 137.95% and total cumulative return in cash at $198,924. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,437/mo property income against a $2,129/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
0.76 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: Drew Patton • Weichert Realtors Ford Brothers, Inc.
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008498
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.