2208 Terranova CtLexingtonKY40513
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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 2208 Terranova Ct, Lexington, KY, 40513 priced at $1,599,000 converts $5,117/mo rent into after a $7,826/mo obligation. Total monthly income equals $5,117/mo. Return on cash invested prints 9.68% in year one, and rental yield reads 3.84% against a $1,599,000 entry. Equity gained on principal adds $10,318/yr, while 5% annual appreciation compiles into $441,774 by year five. Five-year ROI reaches 47.76% and total cumulative return in cash sums $247,429. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $5,117/mo property income covering a $7,826/mo payment, not borrower’s personal income.
Single Family
Built in 2004
0.40 Acres lot
$N/A/sqft
No 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
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