2804 Hanna PlLexingtonKY40509
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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 2804 Hanna Pl, Lexington, KY, 40509 uses $56,355 cash to close to unlock $7,217/yr annual cash flow and $601/mo monthly cash flow. Total monthly income runs $1,636/mo, and a $832/mo payment keeps the spread at $601/mo. Purchase price stands at $170,000, and rental yield measures 11.55% with $1,636/mo rent. Return on cash invested shows 32.72% in year one, and 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 171.43% and total cumulative return in cash records $96,609. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,636/mo property income covering a $832/mo payment rather than investor’s personal income.
Townhouse
Built in 1999
1,738 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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