2229 Cornerstone DrLexingtonKY40509
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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 2229 Cornerstone Dr, Lexington, KY, 40509 priced at $284,900 converts $2,426/mo rent into $692/mo cash flow after a $1,394/mo obligation. Total monthly income equals $2,426/mo, and annual cash flow totals $8,310/yr on $94,444 invested. Return on cash invested prints 28.71% in year one, and rental yield reads 10.22% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 149.92% and total cumulative return in cash sums $141,587. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,426/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Single Family
Built in 1999
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40509, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,860 (100%) |
| Owner Occupied HU | 11,449 (54.9%) |
| Renter Occupied HU | 7,813 (37.5%) |
| Vacant Housing Units | 1,598 ( 7.7%) |
| Median Home Value | $368,659 |
| Average Home Value | $416,092 |
Housing Distribution
Address Breakdown
Residential
20,444
Single Family
17,889
Multi-Family
2,555
Businesses
1,544
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Listed by: Bart Vaughn • American Realty Group
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24019372
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.