444 Morgan AveLexingtonKY40505
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
Investment Highlights
Investment property for sale in Lexington at 444 Morgan Ave, Lexington, KY, 40505 uses $58,013 cash to close to unlock $3,402/yr annual cash flow and $283/mo monthly cash flow. Total monthly income runs $1,349/mo, and a $857/mo payment keeps the spread at $283/mo. Purchase price stands at $175,000, and rental yield measures 9.25% with $1,349/mo rent. Return on cash invested shows 25.77% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 134.2% and total cumulative return in cash records $77,851. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,349/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1927
5,998 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40505, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,327 (100%) |
| Owner Occupied HU | 6,200 (50.3%) |
| Renter Occupied HU | 5,201 (42.2%) |
| Vacant Housing Units | 926 ( 7.5%) |
| Median Home Value | $209,219 |
| Average Home Value | $282,644 |
Housing Distribution
Address Breakdown
Residential
11,714
Single Family
10,430
Multi-Family
1,284
Businesses
1,105
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices