369 E Main St APT 501LexingtonKY40507
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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
Total monthly income runs $2,142/mo, and a $2,080/mo payment. Purchase price stands at $424,900, and rental yield measures 6.05% with $2,142/mo rent. Return on cash invested shows 13.91% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 71.34% and total cumulative return in cash records $100,485. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,142/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
$260 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
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Listed by: Bret Hansen • Four Seasons Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008190
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.