3648 Laredo DrLexingtonKY40517
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 3648 Laredo Dr, Lexington, KY, 40517 in Lexington at $290,000 earns $1,957/mo in rent and nets $192/mo after the $1,304/mo payment, a 8.1% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $80,122 over five years. Ziffy Mortgage underwrites this on a 1.50 DSCR without U.S. credit history. With $2,671/yr in principal paydown, total projected return reaches $122,216.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $192 | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,957 |
| Total Monthly Debt Service | $1,650 |
| DSCR Ratio | 1.19x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1998
8,276 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
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
Single Family
Built in 1998
8,276 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara Y Bentley • Keller Williams Commonwealth
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25017019
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.