2121 Nicholasville Rd APT 310LexingtonKY40503
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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 2121 Nicholasville Rd APT 310, Lexington, KY, 40503 generates $1,607/mo in rent and, after a $636/mo payment, leaves $495/mo in cash flow. Total monthly income is $1,607/mo, and annual cash flow is $5,941/yr on $43,095 invested. Return on cash invested sits at 33.69% in year one, and rental yield is 14.83% on a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation builds toward $35,917 over five years. Five-year ROI reaches 179.97% and total cumulative return in cash sums $77,559. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,607/mo property income rather than buyer’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
$321 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40503, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,079 (100%) |
| Owner Occupied HU | 8,306 (63.5%) |
| Renter Occupied HU | 3,967 (30.3%) |
| Vacant Housing Units | 806 ( 6.2%) |
| Median Home Value | $314,365 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
12,895
Single Family
11,105
Multi-Family
1,790
Businesses
1,654
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Listed by: K Lyndi Huddleston • Lifstyl Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25012042
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.