3404 Grasmere DrLexingtonKY40503
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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 3404 Grasmere Dr, Lexington, KY, 40503 priced at $543,000 converts $3,118/mo rent into after a $2,658/mo obligation. Total monthly income equals $3,118/mo. Return on cash invested prints 18.8% in year one, and rental yield reads 6.89% against a $543,000 entry. Equity gained on principal adds $3,504/yr, while 5% annual appreciation compiles into $150,021 by year five. Five-year ROI reaches 96.74% and total cumulative return in cash sums $172,820. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,118/mo property income covering a $2,658/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40503, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,079 (100%) |
| Owner Occupied HU | 8,306 (63.5%) |
| Renter Occupied HU | 3,967 (30.3%) |
| Vacant Housing Units | 806 ( 6.2%) |
| Median Home Value | $314,365 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
12,895
Single Family
11,105
Multi-Family
1,790
Businesses
1,654
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Listed by: Bryan D Wimpy Sr. • EXP Realty, LLC
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009033
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.