114 Westgate DrLexingtonKY40504
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 114 Westgate Dr, Lexington, KY, 40504 in Lexington at $369,900 earns $2,386/mo in rent and nets $134/mo after the $1,663/mo payment, a 7.74% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $102,197 over five years. Ziffy Mortgage underwrites this on a 1.43 DSCR without U.S. credit history. With $3,407/yr in principal paydown, total projected return reaches $148,826.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 5.2% |
| Monthly Cash Flow | $134 | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,386 |
| Total Monthly Debt Service | $2,104 |
| DSCR Ratio | 1.13x |
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.
Single Family
Built in 1947
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40504, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,639 (100%) |
| Owner Occupied HU | 4,439 (35.1%) |
| Renter Occupied HU | 7,082 (56.0%) |
| Vacant Housing Units | 1,118 ( 8.8%) |
| Median Home Value | $243,671 |
| Average Home Value | $307,685 |
Housing Distribution
Address Breakdown
Residential
12,467
Single Family
9,235
Multi-Family
3,232
Businesses
858
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
Single Family
Built in 1947
8,999 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40504, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,639 (100%) |
| Owner Occupied HU | 4,439 (35.1%) |
| Renter Occupied HU | 7,082 (56.0%) |
| Vacant Housing Units | 1,118 ( 8.8%) |
| Median Home Value | $243,671 |
| Average Home Value | $307,685 |
Housing Distribution
Address Breakdown
Residential
12,467
Single Family
9,235
Multi-Family
3,232
Businesses
858
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices