1904 Cambridge DrLexingtonKY40504
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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
Rental property for sale in Lexington at 1904 Cambridge Dr, Lexington, KY, 40504 priced at $780,000 converts $1,740/mo rent into after a $3,818/mo obligation. Total monthly income equals $1,740/mo. Return on cash invested prints 6% in year one, and rental yield reads 2.68% against a $780,000 entry. Equity gained on principal adds $5,033/yr, while 5% annual appreciation compiles into $215,500 by year five. Five-year ROI reaches 28.07% and total cumulative return in cash sums $72,040. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $3,818/mo payment, not borrower’s personal income.
Multi Family
Built in N/A
0.34 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: S Ann Wesley • Assurance Realty & Property Management
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24024820
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.