636 Locust AveLexingtonKY40505
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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 636 Locust Ave, Lexington, KY, 40505 listed at $249,900 pairs $2,069/mo rent with a $1,223/mo payment to leave $548/mo cash flow. Total monthly income runs $2,069/mo, and annual cash flow reaches $6,578/yr on $82,842 cash to close. Return on cash invested measures 27.85% in year one, and rental yield registers 9.94% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 145.32% and total cumulative return in cash totals $120,386. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,069/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40505, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,327 (100%) |
| Owner Occupied HU | 6,200 (50.3%) |
| Renter Occupied HU | 5,201 (42.2%) |
| Vacant Housing Units | 926 ( 7.5%) |
| Median Home Value | $209,219 |
| Average Home Value | $282,644 |
Housing Distribution
Address Breakdown
Residential
11,714
Single Family
10,430
Multi-Family
1,284
Businesses
1,105
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Listed by: Sarah Yenshaw • Century 21 Advantage Realty
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25015047
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.