PENWELL Plan, Hanover RunBowling GreenKY42104
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Bowling Green at PENWELL Plan, Hanover Run, Bowling Green, KY, 42104 priced at $339,990 converts $2,760/mo rent into $691/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,760/mo, and annual cash flow totals $8,290/yr on $112,707 invested. Return on cash invested prints 27.26% in year one, and rental yield reads 9.74% against a $339,990 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,933 by year five. Five-year ROI reaches 142.15% and total cumulative return in cash sums $160,215. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,760/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42104, Bowling Green, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,966 (100%) |
| Owner Occupied HU | 10,064 (56.0%) |
| Renter Occupied HU | 6,592 (36.7%) |
| Vacant Housing Units | 1,310 ( 7.3%) |
| Median Home Value | $319,084 |
| Average Home Value | $369,757 |
Housing Distribution
Address Breakdown
Residential
16,045
Single Family
15,774
Multi-Family
271
Businesses
1,113
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hanover Run Sales Center • D.R. Horton - Nashville
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A