367 Patchen 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 367 Patchen Dr, Lexington, KY, 40517 priced at $367,900 pairs $2,202/mo rent with after a $1,801/mo payment. Total monthly income equals $2,202/mo. Return on cash invested is 19.54% in year one, and rental yield stands at 7.18% on a $367,900 basis. Equity gained on principal adds $2,374/yr, and 5% annual appreciation accumulates to $101,644 by year five. Five-year ROI measures 100.74% and total cumulative return in cash reaches $122,862. For financing, Ziffy Mortgage’s DSCR program evaluates $2,202/mo property income against a $1,801/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
10,062 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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