346 Outrider WayLexingtonKY40514
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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 346 Outrider Way, Lexington, KY, 40514 with 5% annual appreciation on a $218,900 basis while $1,859/mo rent supports operations. Total monthly income totals $1,859/mo and a $1,071/mo payment preserves $437/mo for cash returns. Annual cash flow comes to $5,246/yr on $72,565 deployed, and return on cash invested reaches 27.14% in year one. Equity gained on principal adds $1,413/yr, and five-year appreciation sums $60,478 alongside rental yield of 10.19%. Five-year ROI measures 142.05% and total cumulative return in cash totals $103,082.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,859/mo property income versus a $1,071/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Townhouse
Built in 2004
2,069 sqft lot
$N/A/sqft
$90 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40514, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,690 (100%) |
| Owner Occupied HU | 4,981 (74.5%) |
| Renter Occupied HU | 1,523 (22.8%) |
| Vacant Housing Units | 186 ( 2.8%) |
| Median Home Value | $318,637 |
| Average Home Value | $355,400 |
Housing Distribution
Address Breakdown
Residential
6,661
Single Family
6,172
Multi-Family
489
Businesses
71
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Listed by: Joanna Flanigan • United Real Estate Bluegrass
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25500340
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.