421 Redding Rd APT 45LexingtonKY40517
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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 421 Redding Rd APT 45, Lexington, KY, 40517 earns $436/mo cash flow from $1,160/mo rent with a $582/mo payment. Total monthly income totals $1,160/mo, and annual cash flow totals $5,234/yr on $39,449 capital. ROI tracks 33.18% on current figures, and rental yield reads 11.7% at a $119,000 purchase. Equity gained on principal adds $768/yr, and 5% annual appreciation supports $32,878 over five years. Five-year ROI reaches 173.98% and total cumulative return in cash sums $68,633. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,160/mo property income instead of your personal income.
Condo
Built in 1980
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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Listed by: Ann-Phillips Mayfield • Lrc Lexington's Real Estate Co
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24018538
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.