500 Laketower Dr UNIT 71LexingtonKY40502
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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 500 Laketower Dr UNIT 71, Lexington, KY, 40502 uses $112,677 cash to close to unlock $9,683/yr annual cash flow and $807/mo monthly cash flow. Total monthly income runs $2,876/mo, and a $1,664/mo payment keeps the spread at $807/mo. Purchase price stands at $339,900, and rental yield measures 10.15% with $2,876/mo rent. Return on cash invested shows 28.5% in year one, and 5% annual appreciation builds toward $93,908 over five years. Five-year ROI reaches 148.79% and total cumulative return in cash records $167,651. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,876/mo property income covering a $1,664/mo payment rather than investor’s personal income.
Townhouse
Built in 1977
2,130 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
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