2140 Fort Harrods Dr APT 36LexingtonKY40513
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 2140 Fort Harrods Dr APT 36, Lexington, KY, 40513 uses $109,362 cash to close to unlock $58/yr annual cash flow and $5/mo monthly cash flow. Total monthly income runs $2,237/mo, and a $1,615/mo payment keeps the spread at $5/mo. Purchase price stands at $329,900, and rental yield measures 8.14% with $2,237/mo rent. Return on cash invested shows 19.96% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 103.87% and total cumulative return in cash records $113,595. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,237/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Townhouse
Built in 1985
4,901 sqft lot
$N/A/sqft
$224 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40513, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,705 (100%) |
| Owner Occupied HU | 3,507 (74.5%) |
| Renter Occupied HU | 881 (18.7%) |
| Vacant Housing Units | 317 ( 6.7%) |
| Median Home Value | $467,755 |
| Average Home Value | $545,803 |
Housing Distribution
Address Breakdown
Residential
4,585
Single Family
4,014
Multi-Family
571
Businesses
317
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Newman • The Brokerage
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24024048
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.