609 Alabaster Ln LOT 232OwensboroKY42301
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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 Owensboro at 609 Alabaster Ln LOT 232, Owensboro, KY, 42301 generates $1,800/mo in rent, after a $1,428/mo payment. Total monthly income is $1,800/mo. Return on cash invested sits at 19.83% in year one, and rental yield is 7.4% on a $291,800 entry. Equity gained on principal adds $1,883/yr, while 5% annual appreciation builds toward $80,619 over five years. Five-year ROI reaches 102.44% and total cumulative return in cash sums $99,089. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
6,500 sqft lot
$N/A/sqft
$31 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42301, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,867 (100%) |
| Owner Occupied HU | 11,830 (59.5%) |
| Renter Occupied HU | 6,751 (34.0%) |
| Vacant Housing Units | 1,286 ( 6.5%) |
| Median Home Value | $204,095 |
| Average Home Value | $243,077 |
Housing Distribution
Address Breakdown
Residential
19,166
Single Family
18,429
Multi-Family
737
Businesses
1,200
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