650 S Mill St APT 219LexingtonKY40508
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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 650 S Mill St APT 219, Lexington, KY, 40508 offers a 5.27% rental yield on a $275,000 purchase with $1,207/mo rent. 25% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 57.22% and total cumulative return in cash at $52,163. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,207/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2009
566 sqft lot
$N/A/sqft
$191 monthly HOA
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Listed by: Cherise Wilson • Diamond Key Realtors
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008090
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