823 Lochmere PlLexingtonKY40509
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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 823 Lochmere Pl, Lexington, KY, 40509 priced at $652,000 converts $4,130/mo rent into after a $3,191/mo obligation. Total monthly income equals $4,130/mo. Return on cash invested prints 20.03% in year one, and rental yield reads 7.6% against a $652,000 entry. Equity gained on principal adds $4,207/yr, while 5% annual appreciation compiles into $180,136 by year five. Five-year ROI reaches 103.69% and total cumulative return in cash sums $222,426. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,130/mo property income covering a $3,191/mo payment, not borrower’s personal income.
Single Family
Built in 2015
6,098 sqft lot
$N/A/sqft
$2,000 annually 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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Listed by: Ed Sarfo • Commonwealth Real Estate Professionals
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25009557
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.