500 Laketower Dr UNIT 32LexingtonKY40502
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 500 Laketower Dr UNIT 32, Lexington, KY, 40502 earns $787/mo cash flow from $2,491/mo rent with a $1,370/mo payment. Total monthly income totals $2,491/mo, and annual cash flow totals $9,449/yr on $92,787 capital. ROI tracks 30.09% on current figures, and rental yield reads 10.68% at a $279,900 purchase. Equity gained on principal adds $1,806/yr, and 5% annual appreciation supports $77,331 over five years. Five-year ROI reaches 157.33% and total cumulative return in cash sums $145,981. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,491/mo property income instead of your personal income.
Townhouse
Built in 1976
1,729 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40502, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 7,233 (52.2%) |
| Renter Occupied HU | 5,353 (38.6%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $506,048 |
| Average Home Value | $586,370 |
Housing Distribution
Address Breakdown
Residential
13,244
Single Family
10,478
Multi-Family
2,766
Businesses
624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices