556 Severn WayLexingtonKY40503
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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 556 Severn Way, Lexington, KY, 40503 earns $871/mo cash flow from $2,818/mo rent with a $1,566/mo payment. Total monthly income totals $2,818/mo, and annual cash flow totals $10,449/yr on $106,047 capital. ROI tracks 29.76% on current figures, and rental yield reads 10.57% at a $319,900 purchase. Equity gained on principal adds $2,064/yr, and 5% annual appreciation supports $88,382 over five years. Five-year ROI reaches 155.55% and total cumulative return in cash sums $164,960. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,818/mo property income instead of your personal income.
Single Family
Built in 1967
10,695 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40503, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,079 (100%) |
| Owner Occupied HU | 8,306 (63.5%) |
| Renter Occupied HU | 3,967 (30.3%) |
| Vacant Housing Units | 806 ( 6.2%) |
| Median Home Value | $314,365 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
12,895
Single Family
11,105
Multi-Family
1,790
Businesses
1,654
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Listed by: Michael Gault • United Real Estate Bluegrass
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24018693
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.