1709 Sarasota CtLexingtonKY40505
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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 1709 Sarasota Ct, Lexington, KY, 40505 uses $79,560 cash to close to unlock $6,084/yr annual cash flow and $507/mo monthly cash flow. Total monthly income runs $1,968/mo, and a $1,175/mo payment keeps the spread at $507/mo. Purchase price stands at $240,000, and rental yield measures 9.84% with $1,968/mo rent. Return on cash invested shows 27.56% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 143.7% and total cumulative return in cash records $114,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,968/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1961
6,050 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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Listed by: Edgar Saborit • Tru Life Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25015108
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.