585 S Upper St APT 137LexingtonKY40508
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 585 S Upper St APT 137, Lexington, KY, 40508 in Lexington speaks for itself: 11.05% gross on a $285,000 price, generating $2,624/mo in rent and $635/mo in net income after the $1,282/mo debt service. DSCR 2.05, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $7,618 stacks alongside $78,740 in projected five-year appreciation and $2,625/yr in principal reduction. Projected total cumulative return: $165,179.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 5.2% |
| Monthly Cash Flow | $635 | $385 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,624 |
| Total Monthly Debt Service | $1,621 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
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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
Condo
Built in 2006
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices