362 Preston AveLexingtonKY40502
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 362 Preston Ave, Lexington, KY, 40502 at $259,900 posts ROI 25.97% with $435/mo cash flow from $2,017/mo rent. Total monthly income equals $2,017/mo, and annual cash flow records $5,223/yr on $86,157 to close. Return on cash invested measures 25.97% and rental yield reads 9.31% at the current $259,900. Equity gained on principal adds $1,677/yr, and 5% annual appreciation supports $71,806 by year five. Five-year ROI prints 135.27% and total cumulative return in cash totals $116,542.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,017/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1916
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40502, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 7,233 (52.2%) |
| Renter Occupied HU | 5,353 (38.6%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $506,048 |
| Average Home Value | $586,370 |
Housing Distribution
Address Breakdown
Residential
13,244
Single Family
10,478
Multi-Family
2,766
Businesses
624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices