1048 Armstrong Mill Rd APT CLexingtonKY40517
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
Investment property for sale in Lexington at 1048 Armstrong Mill Rd APT C, Lexington, KY, 40517 uses $48,068 cash to close to unlock $2,955/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $1,428/mo, and a $710/mo payment keeps the spread at $246/mo. Purchase price stands at $145,000, and rental yield measures 11.82% with $1,428/mo rent. Return on cash invested shows 26.06% in year one, and 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 138.47% and total cumulative return in cash records $66,560. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,428/mo property income covering a $710/mo payment rather than investor’s personal income.
Condo
Built in 1971
N/A lot
$N/A/sqft
$299 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paul E Scanlon • ERA Select Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25015056
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.