983 Shrout RdOwingsvilleKY40360
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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 Owingsville at 983 Shrout Rd, Owingsville, KY, 40360 listed at $699,000 pairs $1,998/mo rent with a $3,421/mo payment. Total monthly income runs $1,998/mo. Return on cash invested measures 8.29% in year one, and rental yield registers 3.43% at a $699,000 basis. Equity gained on principal adds $4,511/yr, and annual property appreciation at 5% supports $193,121 by year five. Five-year ROI tracks 40.37% and total cumulative return in cash totals $92,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,998/mo property income relative to a $3,421/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in N/A
90.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40360, Owingsville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,167 (100%) |
| Owner Occupied HU | 2,081 (65.7%) |
| Renter Occupied HU | 785 (24.8%) |
| Vacant Housing Units | 301 ( 9.5%) |
| Median Home Value | $119,821 |
| Average Home Value | $142,007 |
Housing Distribution
Address Breakdown
Residential
2,653
Single Family
2,653
Multi-Family
0
Businesses
161
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Listed by: Brooke Otis Mullins • RO&CO Real Estate
Mls Name: Imagine MLS
Mls ID: #25503041