740 Andover Village 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 740 Andover Village Dr, Lexington, KY, 40509 at $615,000 posts ROI 21.66% with $269/mo cash flow from $4,012/mo rent. Total monthly income equals $4,012/mo, and annual cash flow records $3,229/yr on $202,335 to close. Return on cash invested measures 21.66% and rental yield reads 7.83% at the current $615,000. Equity gained on principal adds $3,969/yr, and 5% annual appreciation supports $169,913 by year five. Five-year ROI prints 112.06% and total cumulative return in cash totals $226,733.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,012/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1991
9,583 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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