222 Bolivar St APT 208LexingtonKY40508
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing222 Bolivar St APT 208, Lexington, KY, 40508 in Lexington is a stable, well-positioned rental at $179,900. Rental yield 6.45%. DSCR 1.20 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $49,703 in value and $1,657/yr in principal paydown builds equity, a total projected return of $52,486.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 5.2% |
| Monthly Cash Flow | $(252) | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $967 |
| Total Monthly Debt Service | $1,147 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2005
N/A lot
$N/A/sqft
$124 monthly HOA
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
Condo
Built in 2005
N/A lot
$N/A/sqft
$124 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael H Mcneill • Bluegrass Sotheby's International Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25011375
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