2359 Merluna DrLexingtonKY40511
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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 2359 Merluna Dr, Lexington, KY, 40511 offers $4,932/mo rent that, after a $2,408/mo payment, leaves $1,938/mo cash flow. Total monthly income is $4,932/mo, and annual cash flow is $23,252/yr on $163,098 cash. Return on cash invested measures 34.17% in year one, and rental yield stands at 12.03% at a $492,000 entry. Equity gained on principal adds $3,175/yr while 5% annual appreciation compounds into $135,931 by year five. Five-year ROI records 179.16% and total cumulative return in cash reaches $292,204. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,932/mo property income versus a $2,408/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
10,019 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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Listed by: Diana C Brooker • Lifstyl Real Estate
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24018988
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.