321 Preston 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
Rental property for sale in Lexington at 321 Preston Ave, Lexington, KY, 40502 offers $2,227/mo rent that, after a $1,126/mo payment, leaves $827/mo cash flow. Total monthly income is $2,227/mo, and annual cash flow is $9,923/yr on $76,245 cash. Return on cash invested measures 32.92% in year one, and rental yield stands at 11.62% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 172.51% and total cumulative return in cash reaches $131,527. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,227/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
7,492 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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