355 S Broadway UNIT 604LexingtonKY40508
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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 355 S Broadway UNIT 604, Lexington, KY, 40508 earns from $2,549/mo rent with a $2,080/mo payment. Total monthly income totals $2,549/mo. ROI tracks 15.42% on current figures, and rental yield reads 7.2% at a $425,000 purchase. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 over five years. Five-year ROI reaches 80.14% and total cumulative return in cash sums $112,901. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,549/mo property income instead of your personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
$490 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Melinda Duncan • Re/Max Creative Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25005363
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.