511 E 7th StOwensboroKY42303
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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 Owensboro at 511 E 7th St, Owensboro, KY, 42303 listed at $143,000 pairs $1,077/mo rent with a $700/mo payment to leave $207/mo cash flow. Total monthly income runs $1,077/mo, and annual cash flow reaches $2,479/yr on $47,405 cash to close. Return on cash invested measures 25.14% in year one, and rental yield registers 9.04% at a $143,000 basis. Equity gained on principal adds $923/yr, and annual property appreciation at 5% supports $39,508 by year five. Five-year ROI tracks 130.81% and total cumulative return in cash totals $62,008. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,077/mo property income relative to a $700/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1896
2,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42303, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,280 (100%) |
| Owner Occupied HU | 11,473 (62.8%) |
| Renter Occupied HU | 5,634 (30.8%) |
| Vacant Housing Units | 1,173 ( 6.4%) |
| Median Home Value | $219,454 |
| Average Home Value | $257,588 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
17,577
Multi-Family
82
Businesses
1,463
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Listed by: Belcher Gasser Group • TRIPLE CROWN REALTY GROUP, LLC
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91234
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.