395 Redding Rd APT 201LexingtonKY40517
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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
Investment property for sale in Lexington at 395 Redding Rd APT 201, Lexington, KY, 40517 uses $65,637 cash to close to unlock $3,973/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $1,792/mo, and a $969/mo payment keeps the spread at $331/mo. Purchase price stands at $198,000, and rental yield measures 10.86% with $1,792/mo rent. Return on cash invested shows 25.96% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 136.94% and total cumulative return in cash records $89,884. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,792/mo property income covering a $969/mo payment rather than investor’s personal income.
Condo
Built in 1979
N/A lot
$N/A/sqft
$256 monthly 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: Kristy L Gooch • RE/MAX Elite Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #24016362
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.