258 E High St APT 201LexingtonKY40507
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis is a cash-flow-light asset: 258 E High St APT 201, Lexington, KY, 40507 in Lexington, $145,000, 10.3% gross yield, $137/mo net income. Consider it a market-entry position, the $1,244/mo rent covers the $652/mo payment with a margin, and 5%/yr appreciation is projected to add $40,061 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.91) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $64,738.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 5.2% |
| Monthly Cash Flow | $137 | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,244 |
| Total Monthly Debt Service | $1,050 |
| DSCR Ratio | 1.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Condo
Built in 1924
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
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
Condo
Built in 1924
N/A lot
$N/A/sqft
$225 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Prather • Century 21 Simpson & Associates
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24023393
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.