405 Bourne 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 405 Bourne Ave, Somerset, KY, 42501 at $159,900 posts ROI 28.3% with $370/mo cash flow from $1,344/mo rent. Total monthly income equals $1,344/mo, and annual cash flow records $4,445/yr on $53,007 to close. Return on cash invested measures 28.3% and rental yield reads 10.09% at the current $159,900. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 by year five. Five-year ROI prints 147.73% and total cumulative return in cash totals $78,306.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,344/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in N/A
5,009 sqft 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: Beverly Withers • Century 21 Advantage Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24019266
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.