614 Silver Springs WayLexingtonKY40511
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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 614 Silver Springs Way, Lexington, KY, 40511 offers a 8.97% rental yield on a $359,900 purchase with $2,689/mo rent. Total monthly income registers $2,689/mo, and a $1,762/mo payment leaves $373/mo available for distribution. Annual cash flow reaches $4,477/yr on $119,307 to close, and return on cash invested stands at 23.66% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 123.32% and total cumulative return in cash at $147,134. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,689/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
6,970 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40511, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,474 (100%) |
| Owner Occupied HU | 9,139 (55.5%) |
| Renter Occupied HU | 5,858 (35.6%) |
| Vacant Housing Units | 1,477 ( 9.0%) |
| Median Home Value | $269,131 |
| Average Home Value | $324,136 |
Housing Distribution
Address Breakdown
Residential
16,096
Single Family
13,938
Multi-Family
2,158
Businesses
1,062
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Listed by: Rusty Underwood • Christie's International Real Estate Bluegrass
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24013004
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.