849 Lakemere DrSomersetKY42503
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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 849 Lakemere Dr, Somerset, KY, 42503 generates $1,147/mo in rent, after a $6,338/mo payment. Total monthly income is $1,147/mo. Return on cash invested sits at 1.11% in year one, and rental yield is 1.06% on a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation builds toward $357,785 over five years. Five-year ROI reaches 1.79% and total cumulative return in cash sums $7,530. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,147/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.54 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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