694 S Thompson RoadLexingtonIN47138
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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 694 S Thompson Road, Lexington, IN, 47138 with 5% annual appreciation on a $174,945 basis while $1,435/mo rent supports operations. Total monthly income totals $1,435/mo and a $856/mo payment preserves $385/mo for cash returns. Annual cash flow comes to $4,621/yr on $57,994 deployed, and return on cash invested reaches 27.88% in year one. Equity gained on principal adds $1,129/yr, and five-year appreciation sums $48,334 alongside rental yield of 9.84%. Five-year ROI measures 145.4% and total cumulative return in cash totals $84,326.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,435/mo property income versus a $856/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1998
6.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47138, Lexington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,399 (76.4%) |
| Renter Occupied HU | 246 (13.4%) |
| Vacant Housing Units | 186 (10.2%) |
| Median Home Value | $228,234 |
| Average Home Value | $260,795 |
Housing Distribution
Address Breakdown
Residential
1,935
Single Family
1,935
Multi-Family
0
Businesses
40
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