2400 Ogden WayLexingtonKY40509
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
Investment property for sale in Lexington at 2400 Ogden Way, Lexington, KY, 40509 offers a 9.13% rental yield on a $312,000 purchase with $2,374/mo rent. Total monthly income registers $2,374/mo, and a $1,527/mo payment leaves $225/mo available for distribution. Annual cash flow reaches $2,702/yr on $103,428 to close, and return on cash invested stands at 22.52% in year one. Equity gained on principal adds $2,013/yr while 5% annual appreciation supports $86,200 over five years. Portfolio math shows five-year ROI at 117.8% and total cumulative return in cash at $121,835. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,374/mo property income against a $1,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2007
N/A lot
$N/A/sqft
$250 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40509, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,860 (100%) |
| Owner Occupied HU | 11,449 (54.9%) |
| Renter Occupied HU | 7,813 (37.5%) |
| Vacant Housing Units | 1,598 ( 7.7%) |
| Median Home Value | $368,659 |
| Average Home Value | $416,092 |
Housing Distribution
Address Breakdown
Residential
20,444
Single Family
17,889
Multi-Family
2,555
Businesses
1,544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: George E Natour • Keller Williams Commonwealth
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25501410
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.