353 Mulberry DrLexingtonKY40509
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
Investment property for sale in Lexington at 353 Mulberry Dr, Lexington, KY, 40509 uses $101,108 cash to close to unlock $8,994/yr annual cash flow and $750/mo monthly cash flow. Total monthly income runs $2,606/mo, and a $1,493/mo payment keeps the spread at $750/mo. Purchase price stands at $305,000, and rental yield measures 10.25% with $2,606/mo rent. Return on cash invested shows 28.8% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 150.42% and total cumulative return in cash records $152,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,606/mo property income covering a $1,493/mo payment rather than investor’s personal income.
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40509, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,860 (100%) |
| Owner Occupied HU | 11,449 (54.9%) |
| Renter Occupied HU | 7,813 (37.5%) |
| Vacant Housing Units | 1,598 ( 7.7%) |
| Median Home Value | $368,659 |
| Average Home Value | $416,092 |
Housing Distribution
Address Breakdown
Residential
20,444
Single Family
17,889
Multi-Family
2,555
Businesses
1,544
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices