238 Warnock StLexingtonKY40508
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play238 Warnock St, Lexington, KY, 40508 in Lexington is priced for appreciation, not yield. Rental yield 5.76%. At $225,000 with a 5.76% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $62,163 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.23) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $77,268.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 5.2% |
| Monthly Cash Flow | $(289) | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,246 |
| Total Monthly Debt Service | $1,280 |
| DSCR Ratio | 0.97x |
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 1999
2,548 sqft lot
$N/A/sqft
No HOA
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 1999
2,548 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lucy Martin Jenkins • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25006709
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.