121 Devonia 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 121 Devonia Ave, Lexington, KY, 40505 earns $374/mo cash flow from $1,770/mo rent with a $1,123/mo payment. Total monthly income totals $1,770/mo, and annual cash flow totals $4,482/yr on $76,079 capital. ROI tracks 25.8% on current figures, and rental yield reads 9.25% at a $229,500 purchase. Equity gained on principal adds $1,481/yr, and 5% annual appreciation supports $63,407 over five years. Five-year ROI reaches 134.31% and total cumulative return in cash sums $102,186. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,770/mo property income instead of your personal income.
Single Family
Built in 1930
4,791 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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