422 E Adair StOwentonKY40359
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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
Rental property for sale in Owenton at 422 E Adair St, Owenton, KY, 40359 priced at $247,500 pairs $690/mo rent with after a $1,211/mo payment. Total monthly income equals $690/mo. Return on cash invested is 7.98% in year one, and rental yield stands at 3.35% on a $247,500 basis. Equity gained on principal adds $1,597/yr, and 5% annual appreciation accumulates to $68,380 by year five. Five-year ROI measures 38.76% and total cumulative return in cash reaches $31,805. For financing, Ziffy Mortgage’s DSCR program evaluates $690/mo property income against a $1,211/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40359, Owenton, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,546 (100%) |
| Owner Occupied HU | 2,187 (61.7%) |
| Renter Occupied HU | 662 (18.7%) |
| Vacant Housing Units | 697 (19.7%) |
| Median Home Value | $201,947 |
| Average Home Value | $228,341 |
Housing Distribution
Address Breakdown
Residential
2,935
Single Family
2,935
Multi-Family
0
Businesses
204
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Listed by: Mandy Kinley • eXp Realty, LLC
Mls Name: NKMLS
Mls Provider:
Mls ID: #636225
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