3120 Glengarth ParkLexingtonKY40509
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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 3120 Glengarth Park, Lexington, KY, 40509 with 5% annual appreciation on a $445,000 basis while $3,498/mo rent supports operations. Total monthly income totals $3,498/mo and a $2,178/mo payment preserves $779/mo for cash returns. Annual cash flow comes to $9,351/yr on $147,518 deployed, and return on cash invested reaches 26.25% in year one. Equity gained on principal adds $2,872/yr, and five-year appreciation sums $122,945 alongside rental yield of 9.43%. Five-year ROI measures 136.74% and total cumulative return in cash totals $201,716.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,498/mo property income versus a $2,178/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2006
7,675 sqft lot
$N/A/sqft
$125 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40509, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,860 (100%) |
| Owner Occupied HU | 11,449 (54.9%) |
| Renter Occupied HU | 7,813 (37.5%) |
| Vacant Housing Units | 1,598 ( 7.7%) |
| Median Home Value | $368,659 |
| Average Home Value | $416,092 |
Housing Distribution
Address Breakdown
Residential
20,444
Single Family
17,889
Multi-Family
2,555
Businesses
1,544
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Listed by: Cathy Mattingly • Indigo & Co
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24020828
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.