815 Devonshire 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
Rental property for sale in Owensboro at 815 Devonshire Dr, Owensboro, KY, 42303 priced at $279,900 converts $2,110/mo rent into $406/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,110/mo, and annual cash flow totals $4,877/yr on $92,787 invested. Return on cash invested prints 25.17% in year one, and rental yield reads 9.05% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 130.91% and total cumulative return in cash sums $121,465. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,110/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1956
10,125 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: Jennifer Legg • SUPREME DREAM REALTY, LLC
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #92466
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.