2737 Bay Cedar CvLexingtonKY40511
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 2737 Bay Cedar Cv, Lexington, KY, 40511 in Lexington. At $335,000 it earns $2,504/mo in rent and distributes $455/mo to the owner after the $1,506/mo payment, a consistent 8.97% yield. DSCR 1.66 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $92,554 in value; $3,085/yr in principal paydown compounds ownership stake. Total projected return: $156,229.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 5.2% |
| Monthly Cash Flow | $455 | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,504 |
| Total Monthly Debt Service | $1,916 |
| DSCR Ratio | 1.31x |
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.
Single Family
Built in 2003
8,150 sqft lot
$N/A/sqft
$125 annually 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
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
Single Family
Built in 2003
8,150 sqft lot
$N/A/sqft
$125 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Madison Gall • CENTURY 21 Commonwealth R E
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25019086
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.