308 Hanover CtLexingtonKY40502
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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 308 Hanover Ct, Lexington, KY, 40502 at $498,000 posts ROI 24.06% with $572/mo cash flow from $3,602/mo rent. Total monthly income equals $3,602/mo, and annual cash flow records $6,859/yr on $165,087 to close. Return on cash invested measures 24.06% and rental yield reads 8.68% at the current $498,000. Equity gained on principal adds $3,214/yr, and 5% annual appreciation supports $137,588 by year five. Five-year ROI prints 124.99% and total cumulative return in cash totals $206,344.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,602/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1930
6,403 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40502, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 7,233 (52.2%) |
| Renter Occupied HU | 5,353 (38.6%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $506,048 |
| Average Home Value | $586,370 |
Housing Distribution
Address Breakdown
Residential
13,244
Single Family
10,478
Multi-Family
2,766
Businesses
624
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Listed by: James Mitchell • Prime Realty Group, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25004492
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.