508 E 7th StLexingtonKY40505
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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 508 E 7th St, Lexington, KY, 40505 listed at $101,700 pairs $1,889/mo rent with a $498/mo payment to leave $1,270/mo cash flow. Total monthly income runs $1,889/mo, and annual cash flow reaches $15,238/yr on $33,714 cash to close. Return on cash invested measures 65.11% in year one, and rental yield registers 22.29% at a $101,700 basis. Equity gained on principal adds $656/yr, and annual property appreciation at 5% supports $28,098 by year five. Five-year ROI tracks 345.11% and total cumulative return in cash totals $116,350. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,889/mo property income relative to a $498/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
7,492 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
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