121 N Martin Luther King Blvd UNIT 401LexingtonKY40507
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
Investment Highlights
Investment property for sale in Lexington at 121 N Martin Luther King Blvd UNIT 401, Lexington, KY, 40507 listed at $270,000 pairs $1,660/mo rent with a $1,322/mo payment. Total monthly income runs $1,660/mo. Return on cash invested measures 16.56% in year one, and rental yield registers 7.38% at a $270,000 basis. Equity gained on principal adds $1,742/yr, and annual property appreciation at 5% supports $74,596 by year five. Five-year ROI tracks 86.07% and total cumulative return in cash totals $77,041. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,660/mo property income relative to a $1,322/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
$266 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon L Hedinger • Keller Williams Bluegrass Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25016598
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.