656 Omega Park RdSomersetKY42501
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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 Somerset at 656 Omega Park Rd, Somerset, KY, 42501 offers $959/mo rent that, after a $846/mo payment. Total monthly income is $959/mo. Return on cash invested measures 17.96% in year one, and rental yield stands at 6.66% at a $172,900 entry. Equity gained on principal adds $1,116/yr while 5% annual appreciation compounds into $47,769 by year five. Five-year ROI records 92.24% and total cumulative return in cash reaches $52,868. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $959/mo property income versus a $846/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2024
1.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42501, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,624 (100%) |
| Owner Occupied HU | 4,624 (53.6%) |
| Renter Occupied HU | 2,893 (33.5%) |
| Vacant Housing Units | 1,107 (12.8%) |
| Median Home Value | $167,347 |
| Average Home Value | $236,454 |
Housing Distribution
Address Breakdown
Residential
7,945
Single Family
7,728
Multi-Family
217
Businesses
1,026
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