3409 Colonnade DrLexingtonKY40515
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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 3409 Colonnade Dr, Lexington, KY, 40515 listed at $197,000 pairs $2,132/mo rent with a $964/mo payment to leave $933/mo cash flow. Total monthly income runs $2,132/mo, and annual cash flow reaches $11,199/yr on $65,306 cash to close. Return on cash invested measures 37.06% in year one, and rental yield registers 12.99% at a $197,000 basis. Equity gained on principal adds $1,271/yr, and annual property appreciation at 5% supports $54,427 by year five. Five-year ROI tracks 194.74% and total cumulative return in cash totals $127,178. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,132/mo property income relative to a $964/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1989
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40515, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,155 (100%) |
| Owner Occupied HU | 9,894 (61.2%) |
| Renter Occupied HU | 5,514 (34.1%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $336,014 |
| Average Home Value | $391,923 |
Housing Distribution
Address Breakdown
Residential
16,067
Single Family
13,416
Multi-Family
2,651
Businesses
172
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Listed by: Karen W Angelucci • RE/MAX Elite Lexington
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25502436
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.