1550 Meadowthorpe AveLexingtonKY40511
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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 1550 Meadowthorpe Ave, Lexington, KY, 40511 offers a 7% rental yield on a $465,000 purchase with $2,714/mo rent. Equity gained on principal adds $3,001/yr while 5% annual appreciation supports $128,471 over five years. Portfolio math shows five-year ROI at 97.85% and total cumulative return in cash at $150,827. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,714/mo property income against a $2,276/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.27 Acres 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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Listed by: Scott Ackerman • Keller Williams Bluegrass Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24017800
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.