2605 Checkerberry DrLexingtonKY40509
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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 2605 Checkerberry Dr, Lexington, KY, 40509 with 5% annual appreciation on a $280,000 basis while $2,026/mo rent supports operations. Total monthly income totals $2,026/mo and a $1,370/mo payment preserves $322/mo for cash returns. Annual cash flow comes to $3,868/yr on $92,820 deployed, and return on cash invested reaches 24.08% in year one. Equity gained on principal adds $1,807/yr, and five-year appreciation sums $77,359 alongside rental yield of 8.68%. Five-year ROI measures 125.08% and total cumulative return in cash totals $116,097.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,026/mo property income versus a $1,370/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
8,220 sqft lot
$N/A/sqft
No 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
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Listed by: Laura Broyles • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25010182
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.