The Magnolia Plan, Park HavenOwensboroKY42303
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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 Owensboro at The Magnolia Plan, Park Haven, Owensboro, KY, 42303 priced at $344,900 pairs $2,410/mo rent with $311/mo cash flow after a $1,688/mo payment. Total monthly income equals $2,410/mo, and annual cash flow comes to $3,732/yr on $114,334 invested. Return on cash invested is 23.17% in year one, and rental yield stands at 8.39% on a $344,900 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,290 by year five. Five-year ROI measures 120.2% and total cumulative return in cash reaches $137,433. For financing, Ziffy Mortgage’s DSCR program evaluates $2,410/mo property income against a $1,688/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42303, Owensboro, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,280 (100%) |
| Owner Occupied HU | 11,473 (62.8%) |
| Renter Occupied HU | 5,634 (30.8%) |
| Vacant Housing Units | 1,173 ( 6.4%) |
| Median Home Value | $219,454 |
| Average Home Value | $257,588 |
Housing Distribution
Address Breakdown
Residential
17,659
Single Family
17,577
Multi-Family
82
Businesses
1,463
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