2121 Nicholasville Rd APT 410LexingtonKY40503
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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 2121 Nicholasville Rd APT 410, Lexington, KY, 40503 uses $46,377 cash to close to unlock $2,823/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,087/mo, and a $685/mo payment keeps the spread at $235/mo. Purchase price stands at $139,900, and rental yield measures 9.32% with $1,087/mo rent. Return on cash invested shows 26% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 135.41% and total cumulative return in cash records $62,799. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,087/mo property income covering a $685/mo payment rather than investor’s personal income.
Condo
Built in 1965
N/A lot
$N/A/sqft
No 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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