3602 Remora DrLexingtonKY40517
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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 3602 Remora Dr, Lexington, KY, 40517 priced at $294,900 pairs $1,992/mo rent with $198/mo cash flow after a $1,443/mo payment. Total monthly income equals $1,992/mo, and annual cash flow comes to $2,371/yr on $97,759 invested. Return on cash invested is 22.33% in year one, and rental yield stands at 8.11% on a $294,900 basis. Equity gained on principal adds $1,903/yr, and 5% annual appreciation accumulates to $81,475 by year five. Five-year ROI measures 115.74% and total cumulative return in cash reaches $113,143. For financing, Ziffy Mortgage’s DSCR program evaluates $1,992/mo property income against a $1,443/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1978
9,187 sqft 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
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Listed by: Lisa Scully • Century 21 Advantage Realty
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24018734
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.