3550 Cannonade Loop NOwensboroKY42303
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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 Owensboro at 3550 Cannonade Loop N, Owensboro, KY, 42303 uses $92,787 cash to close to unlock $2,597/yr annual cash flow and $216/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,370/mo payment keeps the spread at $216/mo. Purchase price stands at $279,900, and rental yield measures 8.23% with $1,920/mo rent. Return on cash invested shows 22.71% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 117.74% and total cumulative return in cash records $109,249. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1980
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42303, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,280 (100%) |
| Owner Occupied HU | 11,473 (62.8%) |
| Renter Occupied HU | 5,634 (30.8%) |
| Vacant Housing Units | 1,173 ( 6.4%) |
| Median Home Value | $219,454 |
| Average Home Value | $257,588 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
17,577
Multi-Family
82
Businesses
1,463
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