1949 Millbank RdLexingtonKY40511
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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 1949 Millbank Rd, Lexington, KY, 40511 uses $90,334 cash to close to unlock $3,531/yr annual cash flow and $294/mo monthly cash flow. Total monthly income runs $1,953/mo, and a $1,334/mo payment keeps the spread at $294/mo. Purchase price stands at $272,500, and rental yield measures 8.6% with $1,953/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $75,287 over five years. Five-year ROI reaches 123.69% and total cumulative return in cash records $111,738. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,953/mo property income covering a $1,334/mo payment rather than investor’s personal income.
Single Family
Built in 2010
7,361 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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