106 W Vine St #407LexingtonKY40507
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 106 W Vine St #407, Lexington, KY, 40507 in Lexington worth study. Rental yield 2.96%. The 2.96% gross yield is below cash-flow benchmarks at $795,000, but 5% annual appreciation, adding $219,644 over five years, frames this as a capital growth position. Rent of $1,958/mo partially offsets the $3,575/mo payment. Ziffy Mortgage finances appreciation-play properties (0.55 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $43,677.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3% | 5.2% |
| Monthly Cash Flow | $(4,081) | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,958 |
| Total Monthly Debt Service | $5,723 |
| DSCR Ratio | 0.34x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2025
N/A lot
$N/A/sqft
$1,201 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
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
Condo
Built in 2025
N/A lot
$N/A/sqft
$1,201 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula Elder • The Brokerage
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24023046
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.