24 Hughes AveLexingtonKY40391
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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 24 Hughes Ave, Lexington, KY, 40391 at $189,900 posts ROI 32.81% with $677/mo cash flow from $1,832/mo rent. Total monthly income equals $1,832/mo, and annual cash flow records $8,120/yr on $62,952 to close. Return on cash invested measures 32.81% and rental yield reads 11.58% at the current $189,900. Equity gained on principal adds $1,225/yr, and 5% annual appreciation supports $52,466 by year five. Five-year ROI prints 171.87% and total cumulative return in cash totals $108,197.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,832/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2024
10,672 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40391, Winchester, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,374 (100%) |
| Owner Occupied HU | 10,285 (62.8%) |
| Renter Occupied HU | 4,824 (29.5%) |
| Vacant Housing Units | 1,265 ( 7.7%) |
| Median Home Value | $223,867 |
| Average Home Value | $258,919 |
Housing Distribution
Address Breakdown
Residential
15,316
Single Family
15,081
Multi-Family
235
Businesses
872
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Listed by: Nena Honaker • Tom Goebel & Company
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24023208
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.