3531 Olympia RdLexingtonKY40517
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 3531 Olympia Rd, Lexington, KY, 40517 offers a 7.69% rental yield on a $289,500 purchase with $1,855/mo rent. Total monthly income registers $1,855/mo, and a $1,417/mo payment leaves $93/mo available for distribution. Annual cash flow reaches $1,116/yr on $95,969 to close, and return on cash invested stands at 21.07% in year one. Equity gained on principal adds $1,868/yr while 5% annual appreciation supports $79,984 over five years. Portfolio math shows five-year ROI at 109% and total cumulative return in cash at $104,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,855/mo property income against a $1,417/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40517, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,305 (100%) |
| Owner Occupied HU | 6,738 (34.9%) |
| Renter Occupied HU | 11,295 (58.5%) |
| Vacant Housing Units | 1,272 ( 6.6%) |
| Median Home Value | $224,669 |
| Average Home Value | $262,715 |
Housing Distribution
Address Breakdown
Residential
18,128
Single Family
12,959
Multi-Family
5,169
Businesses
538
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rhett Hughes • Wtc Realty LLC
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24004396
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.