2040 Old Lexington RdDanvilleKY40422
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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 Danville at 2040 Old Lexington Rd, Danville, KY, 40422 with 5% annual appreciation on a $279,999 basis while $1,962/mo rent supports operations. Total monthly income totals $1,962/mo and a $1,370/mo payment preserves $258/mo for cash returns. Annual cash flow comes to $3,100/yr on $92,820 deployed, and return on cash invested reaches 23.25% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 8.41%. Five-year ROI measures 120.64% and total cumulative return in cash totals $111,980.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,962/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1971
2,500 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40422, Danville, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,299 (100%) |
| Owner Occupied HU | 6,664 (59.0%) |
| Renter Occupied HU | 3,609 (31.9%) |
| Vacant Housing Units | 1,026 ( 9.1%) |
| Median Home Value | $227,402 |
| Average Home Value | $271,310 |
Housing Distribution
Address Breakdown
Residential
10,212
Single Family
9,841
Multi-Family
371
Businesses
952
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Listed by: Kitty G Lane • Bluegrass Sotheby's International Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24008181
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.