429 Ferguson StLexingtonKY40508
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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 429 Ferguson St, Lexington, KY, 40508 uses $63,980 cash to close to unlock $7,284/yr annual cash flow and $607/mo monthly cash flow. Total monthly income runs $1,782/mo, and a $945/mo payment keeps the spread at $607/mo. Purchase price stands at $193,000, and rental yield measures 11.08% with $1,782/mo rent. Return on cash invested shows 31.29% in year one, and 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 163.84% and total cumulative return in cash records $104,826. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,782/mo property income covering a $945/mo payment rather than investor’s personal income.
Single Family
Built in 1931
3,419 sqft lot
$N/A/sqft
No HOA
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Listed by: Lacy S Hatton • Re/Max Elite Lexington
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24015680
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