2121 Nicholasville Rd APT 606LexingtonKY40503
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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 606, Lexington, KY, 40503 uses $44,056 cash to close to unlock $3,860/yr annual cash flow and $322/mo monthly cash flow. Total monthly income runs $1,130/mo, and a $650/mo payment keeps the spread at $322/mo. Purchase price stands at $132,900, and rental yield measures 10.2% with $1,130/mo rent. Return on cash invested shows 28.67% in year one, and 5% annual appreciation builds toward $36,718 over five years. Five-year ROI reaches 149.73% and total cumulative return in cash records $65,965. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,130/mo property income covering a $650/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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