316 Merino 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 316 Merino St, Lexington, KY, 40508 generates $2,085/mo in rent, after a $2,325/mo payment. Total monthly income is $2,085/mo. Return on cash invested sits at 13.77% in year one, and rental yield is 5.27% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 69.77% and total cumulative return in cash sums $109,855. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,085/mo property income rather than buyer’s personal income.
Multi Family
Built in 1989
3,263 sqft lot
$N/A/sqft
No HOA
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Listed by: Nora G Williams • Keller Williams Commonwealth
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25006868
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