517 W Main StLexingtonKY40508
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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 Lexington at 517 W Main St, Lexington, KY, 40508 offers $1,710/mo rent that, after a $4,772/mo payment. Total monthly income is $1,710/mo. Return on cash invested measures 2.71% in year one, and rental yield stands at 2.1% at a $975,000 entry. Equity gained on principal adds $6,292/yr while 5% annual appreciation compounds into $269,375 by year five. Five-year ROI records 11% and total cumulative return in cash reaches $35,271. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,710/mo property income versus a $4,772/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2006
1 sqft lot
$N/A/sqft
$415 monthly HOA
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Listed by: Whitney Pannell • Team Pannell Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25011318
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.