2963 Lexington RdRichmondKY40475
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
Investment Highlights
Investment property for sale in Richmond at 2963 Lexington Rd, Richmond, KY, 40475 offers a 7.07% rental yield on a $320,000 purchase with $1,885/mo rent. 2% in year one. Equity gained on principal adds $2,065/yr while 5% annual appreciation supports $88,410 over five years. Portfolio math shows five-year ROI at 98.93% and total cumulative return in cash at $104,943. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,885/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1984
1.04 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40475, Richmond, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,247 (100%) |
| Owner Occupied HU | 15,772 (53.9%) |
| Renter Occupied HU | 11,180 (38.2%) |
| Vacant Housing Units | 2,295 ( 7.8%) |
| Median Home Value | $284,131 |
| Average Home Value | $320,088 |
Housing Distribution
Address Breakdown
Residential
28,136
Single Family
26,632
Multi-Family
1,504
Businesses
1,528
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices