619 Mint Hill LnLexingtonKY40509
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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 619 Mint Hill Ln, Lexington, KY, 40509 offers $4,843/mo rent that, after a $3,622/mo payment, leaves $339/mo cash flow. Total monthly income is $4,843/mo, and annual cash flow is $4,070/yr on $243,460 cash. Return on cash invested measures 21.73% in year one, and rental yield stands at 7.85% at a $740,000 entry. Equity gained on principal adds $4,775/yr while 5% annual appreciation compounds into $204,448 by year five. Five-year ROI records 112.46% and total cumulative return in cash reaches $273,802. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,843/mo property income versus a $3,622/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40509, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 20,860 (100%) |
| Owner Occupied HU | 11,449 (54.9%) |
| Renter Occupied HU | 7,813 (37.5%) |
| Vacant Housing Units | 1,598 ( 7.7%) |
| Median Home Value | $368,659 |
| Average Home Value | $416,092 |
Housing Distribution
Address Breakdown
Residential
20,444
Single Family
17,889
Multi-Family
2,555
Businesses
1,544
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Listed by: Tyanne Whitworth • RE/MAX Elite Lexington
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009895
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.