1100 Carters CloseLexingtonKY40514
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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 Lexington at 1100 Carters Close, Lexington, KY, 40514 generates $3,163/mo in rent and, after a $2,203/mo payment, leaves $424/mo in cash flow. Total monthly income is $3,163/mo, and annual cash flow is $5,085/yr on $149,175 invested. Return on cash invested sits at 23.32% in year one, and rental yield is 8.43% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 120.99% and total cumulative return in cash sums $180,486. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,163/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40514, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,690 (100%) |
| Owner Occupied HU | 4,981 (74.5%) |
| Renter Occupied HU | 1,523 (22.8%) |
| Vacant Housing Units | 186 ( 2.8%) |
| Median Home Value | $318,637 |
| Average Home Value | $355,400 |
Housing Distribution
Address Breakdown
Residential
6,661
Single Family
6,172
Multi-Family
489
Businesses
71
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