395 Redding Rd APT 89LexingtonKY40517
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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 89, Lexington, KY, 40517 earns $599/mo cash flow from $1,937/mo rent with a $1,076/mo payment. Total monthly income totals $1,937/mo, and annual cash flow totals $7,187/yr on $72,897 capital. ROI tracks 29.77% on current figures, and rental yield reads 10.57% at a $219,900 purchase. Equity gained on principal adds $1,419/yr, and 5% annual appreciation supports $60,754 over five years. Five-year ROI reaches 155.58% and total cumulative return in cash sums $113,416. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,937/mo property income instead of your personal income.
Condo
Built in 1977
N/A 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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