2308 Spurr RdLexingtonKY40511
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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 2308 Spurr Rd, Lexington, KY, 40511 uses $115,694 cash to close to unlock $4,249/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $2,478/mo, and a $1,708/mo payment keeps the spread at $354/mo. Purchase price stands at $349,000, and rental yield measures 8.52% with $2,478/mo rent. Return on cash invested shows 23.58% in year one, and 5% annual appreciation builds toward $96,422 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash records $141,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,478/mo property income covering a $1,708/mo payment rather than investor’s personal income.
Single Family
Built in 2012
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40511, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,474 (100%) |
| Owner Occupied HU | 9,139 (55.5%) |
| Renter Occupied HU | 5,858 (35.6%) |
| Vacant Housing Units | 1,477 ( 9.0%) |
| Median Home Value | $269,131 |
| Average Home Value | $324,136 |
Housing Distribution
Address Breakdown
Residential
16,096
Single Family
13,938
Multi-Family
2,158
Businesses
1,062
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