50 James Latham RdSomersetKY42503
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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 50 James Latham Rd, Somerset, KY, 42503 listed at $874,400 pairs $1,147/mo rent with a $4,280/mo payment. Total monthly income runs $1,147/mo. Return on cash invested measures 2.64% in year one, and rental yield registers 1.57% at a $874,400 basis. Equity gained on principal adds $5,642/yr, and annual property appreciation at 5% supports $241,581 by year five. Five-year ROI tracks 10.11% and total cumulative return in cash totals $29,078. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,147/mo property income relative to a $4,280/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
87.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42503, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,462 (100%) |
| Owner Occupied HU | 7,347 (64.1%) |
| Renter Occupied HU | 2,858 (24.9%) |
| Vacant Housing Units | 1,257 (11.0%) |
| Median Home Value | $230,802 |
| Average Home Value | $295,258 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,812
Multi-Family
0
Businesses
602
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Listed by: Lula Jean Burton • RE/MAX LakeTime Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24025772
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