395 Redding Rd APT 208LexingtonKY40517
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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 208, Lexington, KY, 40517 listed at $243,500 pairs $1,542/mo rent with a $1,192/mo payment. Total monthly income runs $1,542/mo. Return on cash invested measures 16.99% in year one, and rental yield registers 7.6% at a $243,500 basis. Equity gained on principal adds $1,571/yr, and annual property appreciation at 5% supports $67,275 by year five. Five-year ROI tracks 88.45% and total cumulative return in cash totals $71,397. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,542/mo property income relative to a $1,192/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1978
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: Rachel Rainey • Kentucky Land And Home
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24017154
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.