3504 Lakeside CtSomersetKY42503
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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
Total monthly income runs $3,355/mo, and a $3,622/mo payment. Purchase price stands at $740,000, and rental yield measures 5.44% with $3,355/mo rent. Return on cash invested shows 14.4% in year one, and 5% annual appreciation builds toward $204,448 over five years. Five-year ROI reaches 73.13% and total cumulative return in cash records $178,042. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,355/mo property income covering a $3,622/mo payment rather than investor’s personal income.
Single Family
Built in 1991
2.48 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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