406 N Main StSomersetKY42501
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Somerset at 406 N Main St, Somerset, KY, 42501 priced at $434,800 converts $2,116/mo rent into after a $2,128/mo obligation. Total monthly income equals $2,116/mo. Return on cash invested prints 15.5% in year one, and rental yield reads 5.84% against a $434,800 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation compiles into $120,127 by year five. Five-year ROI reaches 79.03% and total cumulative return in cash sums $113,914. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,116/mo property income covering a $2,128/mo payment, not borrower’s personal income.
Single Family
Built in 1851
0.30 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nathanael Sears • Keller Williams Commonwealth - Somerset
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25016192
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.