317 Larkwood DrLexingtonKY40509
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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 317 Larkwood Dr, Lexington, KY, 40509 uses $69,615 cash to close to unlock $3,933/yr annual cash flow and $328/mo monthly cash flow. Total monthly income runs $1,606/mo, and a $1,028/mo payment keeps the spread at $328/mo. Purchase price stands at $210,000, and rental yield measures 9.18% with $1,606/mo rent. Return on cash invested shows 25.56% in year one, and 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 133.01% and total cumulative return in cash records $92,596. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,606/mo property income covering a $1,028/mo payment rather than investor’s personal income.
Single Family
Built in 1971
6,599 sqft lot
$N/A/sqft
No 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: Joseph Kersey • CENTURY 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009796
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.