841 Ringgold RdSomersetKY42503
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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 841 Ringgold Rd, Somerset, KY, 42503 priced at $299,000 converts $2,018/mo rent into $199/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,018/mo, and annual cash flow totals $2,384/yr on $99,119 invested. Return on cash invested prints 22.31% in year one, and rental yield reads 8.1% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 115.62% and total cumulative return in cash sums $114,598. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,018/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in N/A
4.55 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42503, Somerset, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,462 (100%) |
| Owner Occupied HU | 7,347 (64.1%) |
| Renter Occupied HU | 2,858 (24.9%) |
| Vacant Housing Units | 1,257 (11.0%) |
| Median Home Value | $230,802 |
| Average Home Value | $295,258 |
Housing Distribution
Address Breakdown
Residential
10,812
Single Family
10,812
Multi-Family
0
Businesses
602
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