838 E 7th StLexingtonKY40505
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 838 E 7th St, Lexington, KY, 40505 offers a 12.64% rental yield on a $152,900 purchase with $1,610/mo rent. Total monthly income registers $1,610/mo, and a $748/mo payment leaves $680/mo available for distribution. Annual cash flow reaches $8,157/yr on $50,686 to close, and return on cash invested stands at 36% in year one. Equity gained on principal adds $987/yr while 5% annual appreciation supports $42,243 over five years. Portfolio math shows five-year ROI at 189.03% and total cumulative return in cash at $95,812. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,610/mo property income against a $748/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
7,501 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40505, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,327 (100%) |
| Owner Occupied HU | 6,200 (50.3%) |
| Renter Occupied HU | 5,201 (42.2%) |
| Vacant Housing Units | 926 ( 7.5%) |
| Median Home Value | $209,219 |
| Average Home Value | $282,644 |
Housing Distribution
Address Breakdown
Residential
11,714
Single Family
10,430
Multi-Family
1,284
Businesses
1,105
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tyler Edge • Keller Williams Commonwealth
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25016063
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.