229 Sherman AveLexingtonKY40502
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 229 Sherman Ave, Lexington, KY, 40502 in Lexington is a conservative rental investment at $956,517. Rental yield 6.72%. A 1.25 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $264,268; $8,810/yr in principal paydown supplements. Total projected return: $332,491.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 5.2% |
| Monthly Cash Flow | $(464) | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $5,358 |
| Total Monthly Debt Service | $5,441 |
| DSCR Ratio | 0.98x |
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.
Single Family
Built in 2025
7,248 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40502, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 7,233 (52.2%) |
| Renter Occupied HU | 5,353 (38.6%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $506,048 |
| Average Home Value | $586,370 |
Housing Distribution
Address Breakdown
Residential
13,244
Single Family
10,478
Multi-Family
2,766
Businesses
624
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
Single Family
Built in 2025
7,248 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40502, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 7,233 (52.2%) |
| Renter Occupied HU | 5,353 (38.6%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $506,048 |
| Average Home Value | $586,370 |
Housing Distribution
Address Breakdown
Residential
13,244
Single Family
10,478
Multi-Family
2,766
Businesses
624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kaleb Brannock • The Brokerage
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25014908
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.