294 Lake Wales DrLexingtonKY40515
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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 294 Lake Wales Dr, Lexington, KY, 40515 with 5% annual appreciation on a $225,000 basis while $1,599/mo rent supports operations. Total monthly income totals $1,599/mo and a $1,101/mo payment preserves $230/mo for cash returns. Annual cash flow comes to $2,758/yr on $74,588 deployed, and return on cash invested reaches 23.61% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 8.53%. Five-year ROI measures 122.54% and total cumulative return in cash totals $91,401.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,599/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40515, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,155 (100%) |
| Owner Occupied HU | 9,894 (61.2%) |
| Renter Occupied HU | 5,514 (34.1%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $336,014 |
| Average Home Value | $391,923 |
Housing Distribution
Address Breakdown
Residential
16,067
Single Family
13,416
Multi-Family
2,651
Businesses
172
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Listed by: Sheridan A Sims • Keller Williams Commonwealth
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008224
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.