2059 Oleander 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
Investment property for sale in Lexington at 2059 Oleander Dr, Lexington, KY, 40504 uses $99,417 cash to close to unlock $4,975/yr annual cash flow and $415/mo monthly cash flow. Total monthly income runs $2,240/mo, and a $1,468/mo payment keeps the spread at $415/mo. Purchase price stands at $299,900, and rental yield measures 8.96% with $2,240/mo rent. Return on cash invested shows 24.91% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 129.56% and total cumulative return in cash records $128,800. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,240/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Single Family
Built in 1963
6,747 sqft 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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