1204 Garrison AveLexingtonKY40504
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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 1204 Garrison Ave, Lexington, KY, 40504 uses $91,163 cash to close to unlock $2,175/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $1,855/mo, and a $1,346/mo payment keeps the spread at $181/mo. Purchase price stands at $275,000, and rental yield measures 8.09% with $1,855/mo rent. Return on cash invested shows 22.3% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 115.55% and total cumulative return in cash records $105,335. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,855/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 1984
7,802 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
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Listed by: Jared D Shoemaker • Keller Williams Legacy Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008428
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.