329 Preakness DrLexingtonKY40516
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Nearby investment properties with comparable prices
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 329 Preakness Dr, Lexington, KY, 40516 at $246,000 posts ROI 26.86% with $473/mo cash flow from $1,978/mo rent. Total monthly income equals $1,978/mo, and annual cash flow records $5,670/yr on $81,549 to close. Return on cash invested measures 26.86% and rental yield reads 9.65% at the current $246,000. Equity gained on principal adds $1,587/yr, and 5% annual appreciation supports $67,965 by year five. Five-year ROI prints 140.06% and total cumulative return in cash totals $114,218.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,978/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1998
7,501 sqft lot
$N/A/sqft
$100 annually 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: Kristi Osborne • Bluegrass Property Exchange
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25505528
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.