2308 Evans Mill RdLexingtonKY40515
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
Investment Highlights
Rental property for sale in Lexington at 2308 Evans Mill Rd, Lexington, KY, 40515 priced at $1,490,000 pairs $1,744/mo rent with after a $7,293/mo payment. Total monthly income equals $1,744/mo. Return on cash invested is 2.16% in year one, and rental yield stands at 1.4% on a $1,490,000 basis. Equity gained on principal adds $9,615/yr, and 5% annual appreciation accumulates to $411,660 by year five. Five-year ROI measures 7.45% and total cumulative return in cash reaches $35,944. For financing, Ziffy Mortgage’s DSCR program evaluates $1,744/mo property income against a $7,293/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
86.70 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices