308 E 7th StLexingtonKY40508
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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 308 E 7th St, Lexington, KY, 40508 generates $1,422/mo in rent and, after a $832/mo payment, leaves $388/mo in cash flow. Total monthly income is $1,422/mo, and annual cash flow is $4,650/yr on $56,322 invested. Return on cash invested sits at 28.17% in year one, and rental yield is 10.04% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 147.04% and total cumulative return in cash sums $82,814. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,422/mo property income rather than buyer’s personal income.
Multi Family
Built in 1900
2,522 sqft lot
$N/A/sqft
No HOA
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Listed by: Iris Todd • Bluegrass Property Exchange
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25004340
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.