1924 Alice DrLexingtonKY40511
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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 1924 Alice Dr, Lexington, KY, 40511 with 5% annual appreciation on a $197,000 basis while $1,631/mo rent supports operations. Total monthly income totals $1,631/mo and a $964/mo payment preserves $432/mo for cash returns. Annual cash flow comes to $5,187/yr on $65,306 deployed, and return on cash invested reaches 27.85% in year one. Equity gained on principal adds $1,271/yr, and five-year appreciation sums $54,427 alongside rental yield of 9.94%. Five-year ROI measures 145.35% and total cumulative return in cash totals $94,922.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,631/mo property income versus a $964/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
6,098 sqft 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: Alfonso Diaz Laris • Tru Life Real Estate
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24013859
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.