402 Basham RdFordsvilleKY42343
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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 Fordsville at 402 Basham Rd, Fordsville, KY, 42343 listed at $179,900 pairs $1,270/mo rent with a $881/mo payment to leave $175/mo cash flow. Total monthly income runs $1,270/mo, and annual cash flow reaches $2,095/yr on $59,637 cash to close. Return on cash invested measures 23.42% in year one, and rental yield registers 8.47% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 121.55% and total cumulative return in cash totals $72,489. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,270/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
47.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42343, Fordsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 856 (100%) |
| Owner Occupied HU | 558 (65.2%) |
| Renter Occupied HU | 194 (22.7%) |
| Vacant Housing Units | 104 (12.1%) |
| Median Home Value | $153,676 |
| Average Home Value | $231,416 |
Housing Distribution
Address Breakdown
Residential
761
Single Family
761
Multi-Family
0
Businesses
41
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Listed by: Anthony D Decker • 1st Class Real Estate Expert REALTORS
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #90424
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.