678 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 678 Mint Hill Ln, Lexington, KY, 40509 priced at $529,900 pairs $3,440/mo rent with $185/mo cash flow after a $2,594/mo payment. Total monthly income equals $3,440/mo, and annual cash flow comes to $2,218/yr on $174,337 invested. Return on cash invested is 21.33% in year one, and rental yield stands at 7.79% on a $529,900 basis. Equity gained on principal adds $3,419/yr, and 5% annual appreciation accumulates to $146,402 by year five. Five-year ROI measures 110.37% and total cumulative return in cash reaches $192,419. For financing, Ziffy Mortgage’s DSCR program evaluates $3,440/mo property income against a $2,594/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
8,952 sqft lot
$N/A/sqft
$356 annually 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: James L Moore • Lifstyl Real Estate
Mls Name: Bluegrass REALTORS
Mls Provider:
Mls ID: #24018749
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.