1036 Armstrong Mill Rd APT DLexingtonKY40517
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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 Lexington at 1036 Armstrong Mill Rd APT D, Lexington, KY, 40517 with 5% annual appreciation on a $183,900 basis while $1,708/mo rent supports operations. Total monthly income totals $1,708/mo and a $900/mo payment preserves $316/mo for cash returns. Annual cash flow comes to $3,790/yr on $60,963 deployed, and return on cash invested reaches 26.13% in year one. Equity gained on principal adds $1,187/yr, and five-year appreciation sums $50,808 alongside rental yield of 11.15%. Five-year ROI measures 138.01% and total cumulative return in cash totals $84,137.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,708/mo property income versus a $900/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1971
N/A lot
$N/A/sqft
$273 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40517, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,305 (100%) |
| Owner Occupied HU | 6,738 (34.9%) |
| Renter Occupied HU | 11,295 (58.5%) |
| Vacant Housing Units | 1,272 ( 6.6%) |
| Median Home Value | $224,669 |
| Average Home Value | $262,715 |
Housing Distribution
Address Breakdown
Residential
18,128
Single Family
12,959
Multi-Family
5,169
Businesses
538
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Listed by: Diana C Brooker • Lifstyl Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25006088
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.