2488 Heather WayLexingtonKY40503
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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 2488 Heather Way, Lexington, KY, 40503 listed at $495,000 pairs $2,783/mo rent with a $2,423/mo payment. Total monthly income runs $2,783/mo. Return on cash invested measures 18.23% in year one, and rental yield registers 6.75% at a $495,000 basis. Equity gained on principal adds $3,194/yr, and annual property appreciation at 5% supports $136,759 by year five. Five-year ROI tracks 93.71% and total cumulative return in cash totals $153,778. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,783/mo property income relative to a $2,423/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40503, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,079 (100%) |
| Owner Occupied HU | 8,306 (63.5%) |
| Renter Occupied HU | 3,967 (30.3%) |
| Vacant Housing Units | 806 ( 6.2%) |
| Median Home Value | $314,365 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
12,895
Single Family
11,105
Multi-Family
1,790
Businesses
1,654
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Listed by: Holly A Nutter • Bluegrass Properties Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25001243
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.