709 Lafayette DrOwensboroKY42303
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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 709 Lafayette Dr, Owensboro, KY, 42303 with 5% annual appreciation on a $227,900 basis while $1,860/mo rent supports operations. Total monthly income totals $1,860/mo and a $1,115/mo payment preserves $473/mo for cash returns. Annual cash flow comes to $5,681/yr on $75,549 deployed, and return on cash invested reaches 27.43% in year one. Equity gained on principal adds $1,471/yr, and five-year appreciation sums $62,965 alongside rental yield of 9.79%. Five-year ROI measures 143.04% and total cumulative return in cash totals $108,067.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,860/mo property income versus a $1,115/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1957
7,800 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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