862 Richland DrBowling GreenKY42103
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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 Bowling Green at 862 Richland Dr, Bowling Green, KY, 42103 with 5% annual appreciation on a $375,000 basis while $2,776/mo rent supports operations. Total monthly income totals $2,776/mo and a $1,835/mo payment preserves $494/mo for cash returns. Annual cash flow comes to $5,929/yr on $124,313 deployed, and return on cash invested reaches 24.68% in year one. Equity gained on principal adds $2,420/yr, and five-year appreciation sums $103,606 alongside rental yield of 8.88%. Five-year ROI measures 128.32% and total cumulative return in cash totals $159,519.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,776/mo property income versus a $1,835/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1959
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42103, Bowling Green, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,120 (100%) |
| Owner Occupied HU | 6,275 (51.8%) |
| Renter Occupied HU | 4,456 (36.8%) |
| Vacant Housing Units | 1,389 (11.5%) |
| Median Home Value | $384,504 |
| Average Home Value | $449,476 |
Housing Distribution
Address Breakdown
Residential
10,922
Single Family
9,077
Multi-Family
1,845
Businesses
485
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Listed by: Andy A Howell • RE/MAX Real Estate Executives
Mls Name: RASK
Mls Provider:
Mls ID: #RA20245166
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.