3439 Woodspring DrLexingtonKY40515
Nearby investment properties with comparable rents
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
Rental property for sale in Lexington at 3439 Woodspring Dr, Lexington, KY, 40515 priced at $259,900 converts $2,125/mo rent into $543/mo cash flow after a $1,272/mo obligation. Total monthly income equals $2,125/mo, and annual cash flow totals $6,519/yr on $86,157 invested. Return on cash invested prints 27.48% in year one, and rental yield reads 9.81% against a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation compiles into $71,806 by year five. Five-year ROI reaches 143.3% and total cumulative return in cash sums $123,466. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,125/mo property income covering a $1,272/mo payment, not borrower’s personal income.
Single Family
Built in 1987
6,098 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: Margaret C Carmickle • Re/Max Creative Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24019849
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.