517 Ridgewater CtLexingtonKY40515
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
Rental property for sale in Lexington at 517 Ridgewater Ct, Lexington, KY, 40515 priced at $514,000 pairs $4,480/mo rent with $1,306/mo cash flow after a $2,516/mo payment. Total monthly income equals $4,480/mo, and annual cash flow comes to $15,668/yr on $169,106 invested. Return on cash invested is 29.33% in year one, and rental yield stands at 10.46% on a $514,000 basis. Equity gained on principal adds $3,317/yr, and 5% annual appreciation accumulates to $142,009 by year five. Five-year ROI measures 153.29% and total cumulative return in cash reaches $259,223. For financing, Ziffy Mortgage’s DSCR program evaluates $4,480/mo property income against a $2,516/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
8,163 sqft lot
$N/A/sqft
$550 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40515, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,155 (100%) |
| Owner Occupied HU | 9,894 (61.2%) |
| Renter Occupied HU | 5,514 (34.1%) |
| Vacant Housing Units | 747 ( 4.6%) |
| Median Home Value | $336,014 |
| Average Home Value | $391,923 |
Housing Distribution
Address Breakdown
Residential
16,067
Single Family
13,416
Multi-Family
2,651
Businesses
172
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Logan Cheek • The Real Estate Group
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008685
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.