1144 Wood Ridge RdLexingtonKY40514
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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 1144 Wood Ridge Rd, Lexington, KY, 40514 uses $120,964 cash to close to unlock $5,270/yr annual cash flow and $439/mo monthly cash flow. Total monthly income runs $2,660/mo, and a $1,786/mo payment keeps the spread at $439/mo. Purchase price stands at $364,900, and rental yield measures 8.75% with $2,660/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $100,815 over five years. Five-year ROI reaches 126.09% and total cumulative return in cash records $152,520. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,660/mo property income covering a $1,786/mo payment rather than investor’s personal income.
Single Family
Built in 1992
0.25 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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