3131 High Ridge DrLexingtonKY40517
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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 3131 High Ridge Dr, Lexington, KY, 40517 generates $1,800/mo in rent and, after a $1,131/mo payment, leaves $394/mo in cash flow. Total monthly income is $1,800/mo, and annual cash flow is $4,725/yr on $76,577 invested. Return on cash invested sits at 26.08% in year one, and rental yield is 9.35% on a $231,000 entry. Equity gained on principal adds $1,491/yr, while 5% annual appreciation builds toward $63,821 over five years. Five-year ROI reaches 135.81% and total cumulative return in cash sums $104,001. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,800/mo property income rather than buyer’s personal income.
Townhouse
Built in 1980
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40517, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,305 (100%) |
| Owner Occupied HU | 6,738 (34.9%) |
| Renter Occupied HU | 11,295 (58.5%) |
| Vacant Housing Units | 1,272 ( 6.6%) |
| Median Home Value | $224,669 |
| Average Home Value | $262,715 |
Housing Distribution
Address Breakdown
Residential
18,128
Single Family
12,959
Multi-Family
5,169
Businesses
538
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Listed by: Kevin Culp • Real Broker, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25013000
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.