2400 Prescott LnLexingtonKY40511
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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 2400 Prescott Ln, Lexington, KY, 40511 uses $107,738 cash to close to unlock $9,285/yr annual cash flow and $774/mo monthly cash flow. Total monthly income runs $2,752/mo, and a $1,591/mo payment keeps the spread at $774/mo. Purchase price stands at $325,000, and rental yield measures 10.16% with $2,752/mo rent. Return on cash invested shows 28.53% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 148.92% and total cumulative return in cash records $160,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,752/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 2003
6,534 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: Dawn Wheeler • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25017498
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.