1064 Armstrong Mill Rd APT CLexingtonKY40517
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 1064 Armstrong Mill Rd APT C, Lexington, KY, 40517 in Lexington achieves a 1.68 ratio at $145,000: $1,098/mo rent versus $652/mo debt service. Rental yield 9.09%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 9.09% yield compounds alongside 5% annual appreciation projecting $40,061 in value. Total projected cumulative return: $68,818.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.2% |
| Monthly Cash Flow | $(83) | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,098 |
| Total Monthly Debt Service | $825 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 1971
N/A lot
$N/A/sqft
No 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
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 1971
N/A lot
$N/A/sqft
No 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