421 Redding Rd APT 70LexingtonKY40517
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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 70, Lexington, KY, 40517 uses $44,090 cash to close to unlock $5,622/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $1,278/mo, and a $651/mo payment keeps the spread at $469/mo. Purchase price stands at $133,000, and rental yield measures 11.53% with $1,278/mo rent. Return on cash invested shows 32.66% in year one, and 5% annual appreciation builds toward $36,745 over five years. Five-year ROI reaches 171.16% and total cumulative return in cash records $75,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,278/mo property income covering a $651/mo payment rather than investor’s 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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