505 W Main St #501LexingtonKY40507
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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 505 W Main St #501, Lexington, KY, 40507 projects strong ROI of 4.56%. Rental yield 2.18%. With 5% annual appreciation, the property builds $635,171 in value over five years. Equity growth combined delivers a projected five-year ROI of 20.32%, translating into $151,385 in total cumulative return on $744,876 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Condo
Built in 2014
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40507, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,730 (100%) |
| Owner Occupied HU | 326 (18.8%) |
| Renter Occupied HU | 1,141 (66.0%) |
| Vacant Housing Units | 263 (15.2%) |
| Median Home Value | $573,684 |
| Average Home Value | $651,825 |
Housing Distribution
Address Breakdown
Residential
2,575
Single Family
1,585
Multi-Family
990
Businesses
756
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