422-424 E 2nd St, Lexington, KY, 40508 | 6.71% Rental Yield

For Sale

Currently Rented

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Lexington at 422-424 E 2nd St, Lexington, KY, 40508 offers a 6.71% rental yield on a $225,000 purchase with $1,259/mo rent. 14% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 93.21% and total cumulative return in cash at $69,525. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,259/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1957

3,659 sqft lot

$N/A/sqft

No HOA