350 E Short St UNIT 307LexingtonKY40507
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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 350 E Short St UNIT 307, Lexington, KY, 40507 generates $1,780/mo in rent, after a $1,346/mo payment. Total monthly income is $1,780/mo. Return on cash invested sits at 17.2% in year one, and rental yield is 7.77% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 89.72% and total cumulative return in cash sums $81,759. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,780/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$313 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
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Listed by: Robert Bratton • Bluegrass Sotheby's International Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25000145
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.