421 E 2nd StLexingtonKY40508
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing421 E 2nd St, Lexington, KY, 40508 in Lexington is a stable, well-positioned rental at $370,000. Rental yield 6.15%. DSCR 0.73 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $102,224 in value and $3,408/yr in principal paydown builds equity, a total projected return of $73,834.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 5.2% |
| Monthly Cash Flow | $(361) | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,221 |
| Total Monthly Debt Service | $2,105 |
| DSCR Ratio | 0.58x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 2023
1,481 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Multi Family
Built in 2023
1,481 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brandon L Hedinger • Keller Williams Bluegrass Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25007861
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