302 W High StLexingtonKY40507
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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
Total monthly income runs $3,089/mo, and a $4,841/mo payment. Purchase price stands at $989,000, and rental yield measures 3.75% with $3,089/mo rent. Return on cash invested shows 9.25% in year one, and 5% annual appreciation builds toward $273,242 over five years. Five-year ROI reaches 45.53% and total cumulative return in cash records $148,146. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,089/mo property income covering a $4,841/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3,363 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
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Listed by: Kimberly J Derossett • Legacy Real Estate Firm
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24021897
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.