801 Palomino LnLexingtonKY40503
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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 801 Palomino Ln, Lexington, KY, 40503 priced at $448,900 pairs $3,208/mo rent with $434/mo cash flow after a $2,197/mo payment. Total monthly income equals $3,208/mo, and annual cash flow comes to $5,214/yr on $148,810 invested. Return on cash invested is 23.41% in year one, and rental yield stands at 8.58% on a $448,900 basis. Equity gained on principal adds $2,897/yr, and 5% annual appreciation accumulates to $124,023 by year five. Five-year ROI measures 121.62% and total cumulative return in cash reaches $180,980. For financing, Ziffy Mortgage’s DSCR program evaluates $3,208/mo property income against a $2,197/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1992
0.33 Acres lot
$N/A/sqft
$499 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40503, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,079 (100%) |
| Owner Occupied HU | 8,306 (63.5%) |
| Renter Occupied HU | 3,967 (30.3%) |
| Vacant Housing Units | 806 ( 6.2%) |
| Median Home Value | $314,365 |
| Average Home Value | $350,290 |
Housing Distribution
Address Breakdown
Residential
12,895
Single Family
11,105
Multi-Family
1,790
Businesses
1,654
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Listed by: Ginger Banks • Kassie & Associates
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25008112
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.