2002 Covington DrLexingtonKY40509
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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 2002 Covington Dr, Lexington, KY, 40509 generates $3,673/mo in rent and, after a $2,839/mo payment, leaves $143/mo in cash flow. Total monthly income is $3,673/mo, and annual cash flow is $1,714/yr on $190,820 invested. Return on cash invested sits at 20.96% in year one, and rental yield is 7.6% on a $580,000 entry. Equity gained on principal adds $3,743/yr, while 5% annual appreciation builds toward $160,243 over five years. Five-year ROI reaches 108.3% and total cumulative return in cash sums $206,661. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,673/mo property income rather than buyer’s personal income.
Single Family
Built in 2018
8,576 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40509, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,860 (100%) |
| Owner Occupied HU | 11,449 (54.9%) |
| Renter Occupied HU | 7,813 (37.5%) |
| Vacant Housing Units | 1,598 ( 7.7%) |
| Median Home Value | $368,659 |
| Average Home Value | $416,092 |
Housing Distribution
Address Breakdown
Residential
20,444
Single Family
17,889
Multi-Family
2,555
Businesses
1,544
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