309 Richmond AveLexingtonKY40502
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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 309 Richmond Ave, Lexington, KY, 40502 uses $49,725 cash to close to unlock $25,899/yr annual cash flow and $2,158/mo monthly cash flow. Total monthly income runs $3,071/mo, and a $734/mo payment keeps the spread at $2,158/mo. Purchase price stands at $150,000, and rental yield measures 24.57% with $3,071/mo rent. Return on cash invested shows 71.99% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 382.08% and total cumulative return in cash records $189,990. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,071/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1940
4,791 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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