2240 Barnwell LnLexingtonKY40513
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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 2240 Barnwell Ln, Lexington, KY, 40513 offers a 7.36% rental yield on a $920,000 purchase with $5,639/mo rent. Total monthly income registers $5,639/mo, and a $4,503/mo payment leaves $12/mo available for distribution. Annual cash flow reaches $146/yr on $302,680 to close, and return on cash invested stands at 20.11% in year one. Equity gained on principal adds $5,937/yr while 5% annual appreciation supports $254,179 over five years. Portfolio math shows five-year ROI at 103.79% and total cumulative return in cash at $314,151. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,639/mo property income against a $4,503/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
9,147 sqft lot
$N/A/sqft
$330 annually 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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Listed by: Andrea Coughtry • Lifstyl Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25504392
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.