2217 Cascade WayLexingtonKY40515
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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 2217 Cascade Way, Lexington, KY, 40515 listed at $609,000 pairs $3,055/mo rent with a $2,981/mo payment. Total monthly income runs $3,055/mo. Return on cash invested measures 16.16% in year one, and rental yield registers 6.02% at a $609,000 basis. Equity gained on principal adds $3,930/yr, and annual property appreciation at 5% supports $168,255 by year five. Five-year ROI tracks 82.57% and total cumulative return in cash totals $165,437. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,055/mo property income relative to a $2,981/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1990
6,054 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40515, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,155 (100%) |
| Owner Occupied HU | 9,894 (61.2%) |
| Renter Occupied HU | 5,514 (34.1%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $336,014 |
| Average Home Value | $391,923 |
Housing Distribution
Address Breakdown
Residential
16,067
Single Family
13,416
Multi-Family
2,651
Businesses
172
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