113 Brown AveLexingtonKY40505
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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 113 Brown Ave, Lexington, KY, 40505 uses $43,758 cash to close to unlock $4,568/yr annual cash flow and $381/mo monthly cash flow. Total monthly income runs $1,184/mo, and a $646/mo payment keeps the spread at $381/mo. Purchase price stands at $132,000, and rental yield measures 10.76% with $1,184/mo rent. Return on cash invested shows 30.35% in year one, and 5% annual appreciation builds toward $36,469 over five years. Five-year ROI reaches 158.72% and total cumulative return in cash records $69,451. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,184/mo property income covering a $646/mo payment rather than investor’s personal income.
Single Family
Built in 1947
7,096 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40505, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,327 (100%) |
| Owner Occupied HU | 6,200 (50.3%) |
| Renter Occupied HU | 5,201 (42.2%) |
| Vacant Housing Units | 926 ( 7.5%) |
| Median Home Value | $209,219 |
| Average Home Value | $282,644 |
Housing Distribution
Address Breakdown
Residential
11,714
Single Family
10,430
Multi-Family
1,284
Businesses
1,105
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Listed by: Kristin Halfhill-Larimore • Rector Hayden Realtors
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24022488
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.