3044 Old Field WayLexingtonKY40513
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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
Rental property for sale in Lexington at 3044 Old Field Way, Lexington, KY, 40513 offers $5,352/mo rent that, after a $3,533/mo payment, leaves $931/mo cash flow. Total monthly income is $5,352/mo, and annual cash flow is $11,170/yr on $237,505 cash. Return on cash invested measures 24.76% in year one, and rental yield stands at 8.9% at a $721,900 entry. Equity gained on principal adds $4,658/yr while 5% annual appreciation compounds into $199,448 by year five. Five-year ROI records 128.75% and total cumulative return in cash reaches $305,787. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,352/mo property income versus a $3,533/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
8,712 sqft lot
$N/A/sqft
$335 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40513, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,705 (100%) |
| Owner Occupied HU | 3,507 (74.5%) |
| Renter Occupied HU | 881 (18.7%) |
| Vacant Housing Units | 317 ( 6.7%) |
| Median Home Value | $467,755 |
| Average Home Value | $545,803 |
Housing Distribution
Address Breakdown
Residential
4,585
Single Family
4,014
Multi-Family
571
Businesses
317
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Listed by: Joy C Doyle • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009629
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.