3848 Wem DrLexingtonKY40517
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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 3848 Wem Dr, Lexington, KY, 40517 at $259,900 posts ROI 24.68% with $342/mo cash flow from $1,924/mo rent. Total monthly income equals $1,924/mo, and annual cash flow records $4,107/yr on $86,157 to close. Return on cash invested measures 24.68% and rental yield reads 8.88% 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 128.3% and total cumulative return in cash totals $110,542.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,924/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
7,800 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: April Bramel • Bluegrass Properties Group
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24022697
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.