402 Clements AveSomersetKY42501
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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 402 Clements Ave, Somerset, KY, 42501 at $273,000 posts ROI 21.6% with $128/mo cash flow from $1,789/mo rent. Total monthly income equals $1,789/mo, and annual cash flow records $1,532/yr on $90,500 to close. Return on cash invested measures 21.6% and rental yield reads 7.86% at the current $273,000. Equity gained on principal adds $1,762/yr, and 5% annual appreciation supports $75,425 by year five. Five-year ROI prints 111.79% and total cumulative return in cash totals $101,167.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,789/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
0.25 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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