390 Fountain WaySomersetKY42501
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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 390 Fountain Way, Somerset, KY, 42501 earns $679/mo cash flow from $3,418/mo rent with a $2,203/mo payment. Total monthly income totals $3,418/mo, and annual cash flow totals $8,145/yr on $149,175 capital. ROI tracks 25.37% on current figures, and rental yield reads 9.11% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 131.99% and total cumulative return in cash sums $196,890. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,418/mo property income instead of your personal income.
Single Family
Built in 2007
0.99 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42501, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,624 (100%) |
| Owner Occupied HU | 4,624 (53.6%) |
| Renter Occupied HU | 2,893 (33.5%) |
| Vacant Housing Units | 1,107 (12.8%) |
| Median Home Value | $167,347 |
| Average Home Value | $236,454 |
Housing Distribution
Address Breakdown
Residential
7,945
Single Family
7,728
Multi-Family
217
Businesses
1,026
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Listed by: The Millie Weaver Team • Lake Cumberland Real Estate Professionals
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24024627
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.