328 Preakness DrLexingtonKY40516
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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 328 Preakness Dr, Lexington, KY, 40516 uses $99,284 cash to close to unlock $7,153/yr annual cash flow and $596/mo monthly cash flow. Total monthly income runs $2,419/mo, and a $1,466/mo payment keeps the spread at $596/mo. Purchase price stands at $299,500, and rental yield measures 9.69% with $2,419/mo rent. Return on cash invested shows 27.11% in year one, and 5% annual appreciation builds toward $82,746 over five years. Five-year ROI reaches 141.39% and total cumulative return in cash records $140,375. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,419/mo property income covering a $1,466/mo payment rather than investor’s personal income.
Single Family
Built in 1999
7,841 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40516, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,302 (100%) |
| Owner Occupied HU | 903 (69.4%) |
| Renter Occupied HU | 309 (23.7%) |
| Vacant Housing Units | 90 ( 6.9%) |
| Median Home Value | $505,625 |
| Average Home Value | $626,539 |
Housing Distribution
Address Breakdown
Residential
1,167
Single Family
1,167
Multi-Family
0
Businesses
40
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Listed by: Susy Esquivel • Allied Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24020036
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.