750 Shaker Dr APT 516LexingtonKY40504
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 750 Shaker Dr APT 516, Lexington, KY, 40504 uses $59,670 cash to close to unlock $918/yr annual cash flow and $77/mo monthly cash flow. Total monthly income runs $1,584/mo, and a $881/mo payment keeps the spread at $77/mo. Purchase price stands at $180,000, and rental yield measures 10.56% with $1,584/mo rent. Return on cash invested shows 21.45% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 113.99% and total cumulative return in cash records $68,021. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,584/mo property income covering a $881/mo payment rather than investor’s personal income.
Condo
Built in 1972
N/A lot
$N/A/sqft
$412 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40504, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,639 (100%) |
| Owner Occupied HU | 4,439 (35.1%) |
| Renter Occupied HU | 7,082 (56.0%) |
| Vacant Housing Units | 1,118 ( 8.8%) |
| Median Home Value | $243,671 |
| Average Home Value | $307,685 |
Housing Distribution
Address Breakdown
Residential
12,467
Single Family
9,235
Multi-Family
3,232
Businesses
858
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Mitchell • MD Mitchell Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25014728
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.