661 Hugging Bear DrLexingtonKY40509
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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 661 Hugging Bear Dr, Lexington, KY, 40509 with 5% annual appreciation on a $257,000 basis while $2,023/mo rent supports operations. Total monthly income totals $2,023/mo and a $1,258/mo payment preserves $459/mo for cash returns. Annual cash flow comes to $5,505/yr on $85,196 deployed, and return on cash invested reaches 26.37% in year one. Equity gained on principal adds $1,658/yr, and five-year appreciation sums $71,004 alongside rental yield of 9.45%. Five-year ROI measures 137.36% and total cumulative return in cash totals $117,024.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,023/mo property income versus a $1,258/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1997
4,212 sqft 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: Jessica O'bryan-Coats • The Local Agents
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25000816
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.