385 Sawdridge LnOwentonKY40359
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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 Owenton at 385 Sawdridge Ln, Owenton, KY, 40359 priced at $179,000 converts $690/mo rent into after a $876/mo obligation. Total monthly income equals $690/mo. Return on cash invested prints 11.83% in year one, and rental yield reads 4.63% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 59.42% and total cumulative return in cash sums $35,259. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $690/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1961
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40359, Owenton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,546 (100%) |
| Owner Occupied HU | 2,187 (61.7%) |
| Renter Occupied HU | 662 (18.7%) |
| Vacant Housing Units | 697 (19.7%) |
| Median Home Value | $201,947 |
| Average Home Value | $228,341 |
Housing Distribution
Address Breakdown
Residential
2,935
Single Family
2,935
Multi-Family
0
Businesses
204
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Listed by: Melissa Kemper • Kemper Realty, LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #627831
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