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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lexington at 803 N Reid Rd, Lexington, IN, 47138 offers a 7.59% rental yield on a $441,100 purchase with $2,790/mo rent. Total monthly income registers $2,790/mo, and a $2,159/mo payment leaves $142/mo available for distribution. Annual cash flow reaches $1,705/yr on $146,225 to close, and return on cash invested stands at 21.08% in year one. Equity gained on principal adds $2,846/yr while 5% annual appreciation supports $121,868 over five years. Portfolio math shows five-year ROI at 108.88% and total cumulative return in cash at $159,212. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,790/mo property income against a $2,159/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
8 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47138, Lexington, IN area.
| 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 |
Residential
1,935
Single Family
1,935
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2025-08-27 | Listing removed | $450,000 |
| 2025-07-22 | Listed for sale | $450,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2440.26 | -0.95% | $258,200 | 1.89% |
| 2023-10-24 | $2463.66 | 9.67% | $253,400 | 3.64% |
| 2022-10-24 | $2246.36 | 17.25% | $244,500 | 12.78% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
