2211 Patchen Lake LnLexingtonKY40505
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 2211 Patchen Lake Ln, Lexington, KY, 40505 offers $3,722/mo rent that, after a $3,715/mo payment. Total monthly income is $3,722/mo. Return on cash invested measures 14.07% in year one, and rental yield stands at 5.88% at a $759,000 entry. Equity gained on principal adds $4,898/yr while 5% annual appreciation compounds into $209,698 by year five. Five-year ROI records 71.95% and total cumulative return in cash reaches $179,663. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,722/mo property income versus a $3,715/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2020
3,816 sqft lot
$N/A/sqft
$350 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40505, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,327 (100%) |
| Owner Occupied HU | 6,200 (50.3%) |
| Renter Occupied HU | 5,201 (42.2%) |
| Vacant Housing Units | 926 ( 7.5%) |
| Median Home Value | $209,219 |
| Average Home Value | $282,644 |
Housing Distribution
Address Breakdown
Residential
11,714
Single Family
10,430
Multi-Family
1,284
Businesses
1,105
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Zach Davis • Kirkpatrick & Company
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24006393
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.