3428 N Highway 1247SomersetKY42503
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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
Rental property for sale in Somerset at 3428 N Highway 1247, Somerset, KY, 42503 generates $931/mo in rent and, after a $587/mo payment, leaves $201/mo in cash flow. Total monthly income is $931/mo, and annual cash flow is $2,413/yr on $39,747 invested. Return on cash invested sits at 25.98% in year one, and rental yield is 9.32% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 135.38% and total cumulative return in cash sums $53,808. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $931/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.36 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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