117 Chestnut Ridge DrLexingtonKY40511
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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 117 Chestnut Ridge Dr, Lexington, KY, 40511 priced at $283,000 pairs $2,093/mo rent with $371/mo cash flow after a $1,385/mo payment. Total monthly income equals $2,093/mo, and annual cash flow comes to $4,449/yr on $93,815 invested. Return on cash invested is 24.65% in year one, and rental yield stands at 8.87% on a $283,000 basis. Equity gained on principal adds $1,826/yr, and 5% annual appreciation accumulates to $78,188 by year five. Five-year ROI measures 128.14% and total cumulative return in cash reaches $120,219. For financing, Ziffy Mortgage’s DSCR program evaluates $2,093/mo property income against a $1,385/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
5,532 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40511, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,474 (100%) |
| Owner Occupied HU | 9,139 (55.5%) |
| Renter Occupied HU | 5,858 (35.6%) |
| Vacant Housing Units | 1,477 ( 9.0%) |
| Median Home Value | $269,131 |
| Average Home Value | $324,136 |
Housing Distribution
Address Breakdown
Residential
16,096
Single Family
13,938
Multi-Family
2,158
Businesses
1,062
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