609 Springridge DrLexingtonKY40503
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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 609 Springridge Dr, Lexington, KY, 40503 offers $2,664/mo rent that, after a $1,684/mo payment, leaves $570/mo cash flow. Total monthly income is $2,664/mo, and annual cash flow is $6,841/yr on $114,036 cash. Return on cash invested measures 25.91% in year one, and rental yield stands at 9.29% at a $344,000 entry. Equity gained on principal adds $2,220/yr while 5% annual appreciation compounds into $95,041 by year five. Five-year ROI records 134.92% and total cumulative return in cash reaches $153,854. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,664/mo property income versus a $1,684/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
0.36 Acres 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: William R Horn • Horn's Ins, Real Estate & Auctioneering, Inc.
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24014525
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.