219 Irvine RdLexingtonKY40502
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
Rental property for sale in Lexington at 219 Irvine Rd, Lexington, KY, 40502 priced at $735,000 converts $4,190/mo rent into after a $3,597/mo obligation. Total monthly income equals $4,190/mo. Return on cash invested prints 18.66% in year one, and rental yield reads 6.84% against a $735,000 entry. Equity gained on principal adds $4,743/yr, while 5% annual appreciation compiles into $203,067 by year five. Five-year ROI reaches 95.97% and total cumulative return in cash sums $232,068. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,190/mo property income covering a $3,597/mo payment, not borrower’s personal income.
Single Family
Built in 1921
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40502, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 7,233 (52.2%) |
| Renter Occupied HU | 5,353 (38.6%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $506,048 |
| Average Home Value | $586,370 |
Housing Distribution
Address Breakdown
Residential
13,244
Single Family
10,478
Multi-Family
2,766
Businesses
624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mina D Mattone • Bluegrass Sotheby's International Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25015837
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.