615 Alabaster LnOwensboroKY42301
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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 615 Alabaster Ln, Owensboro, KY, 42301 priced at $287,800 pairs $1,800/mo rent with $48/mo cash flow after a $1,409/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $576/yr on $95,406 invested. Return on cash invested is 20.51% in year one, and rental yield stands at 7.51% on a $287,800 basis. Equity gained on principal adds $1,857/yr, and 5% annual appreciation accumulates to $79,514 by year five. Five-year ROI measures 106% and total cumulative return in cash reaches $101,134. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,409/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
6,490 sqft lot
$N/A/sqft
No 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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Listed by: J And K Of Triple Crown Realty Group Team • TRIPLE CROWN REALTY GROUP, LLC
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91795
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.