506 E Lexington StHarrodsburgKY40330
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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
Rental property for sale in Harrodsburg at 506 E Lexington St, Harrodsburg, KY, 40330 priced at $374,000 converts $2,700/mo rent into $423/mo cash flow after a $1,831/mo obligation. Total monthly income equals $2,700/mo, and annual cash flow totals $5,080/yr on $123,981 invested. Return on cash invested prints 24.01% in year one, and rental yield reads 8.66% against a $374,000 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation compiles into $103,329 by year five. Five-year ROI reaches 124.7% and total cumulative return in cash sums $154,609. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,700/mo property income covering a $1,831/mo payment, not borrower’s personal income.
Single Family
Built in 2005
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40330, Harrodsburg, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,932 (100%) |
| Owner Occupied HU | 6,453 (65.0%) |
| Renter Occupied HU | 2,342 (23.6%) |
| Vacant Housing Units | 1,137 (11.4%) |
| Median Home Value | $225,704 |
| Average Home Value | $265,215 |
Housing Distribution
Address Breakdown
Residential
9,031
Single Family
8,900
Multi-Family
131
Businesses
590
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Listed by: Kristyna C Lewis • RM McGinnis, LLC Real Est & Auction Professionals
Mls Name: Imagine MLS
Mls ID: #25017717