1535 Parkers Mill RdLexingtonKY40504
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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 1535 Parkers Mill Rd, Lexington, KY, 40504 with 5% annual appreciation on a $599,900 basis while $3,660/mo rent supports operations. Total monthly income totals $3,660/mo and a $2,936/mo payment preserves $9/mo for cash returns. Annual cash flow comes to $109/yr on $197,367 deployed, and return on cash invested reaches 20.12% in year one. Equity gained on principal adds $3,871/yr, and five-year appreciation sums $165,741 alongside rental yield of 7.32%. Five-year ROI measures 103.8% and total cumulative return in cash totals $204,868.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,660/mo property income versus a $2,936/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1953
0.83 Acres 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: Cynthia Trgo • Diamond Real Estate Group, Inc
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24020569
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.