390 Nottingham RdLexingtonKY40517
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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 390 Nottingham Rd, Lexington, KY, 40517 priced at $244,950 converts $1,516/mo rent into $25/mo cash flow after a $1,199/mo obligation. Total monthly income equals $1,516/mo, and annual cash flow totals $301/yr on $81,201 invested. Return on cash invested prints 20.28% in year one, and rental yield reads 7.43% against a $244,950 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation compiles into $67,675 by year five. Five-year ROI reaches 104.76% and total cumulative return in cash sums $85,064. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,516/mo property income covering a $1,199/mo payment, not borrower’s personal income.
Single Family
Built in 1970
7,753 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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