858 Malabu Dr APT 6200LexingtonKY40502
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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
Total monthly income runs $1,366/mo, and a $1,189/mo payment. Purchase price stands at $243,000, and rental yield measures 6.75% with $1,366/mo rent. Return on cash invested shows 18.23% in year one, and 5% annual appreciation builds toward $67,136 over five years. Five-year ROI reaches 93.76% and total cumulative return in cash records $75,524. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,366/mo property income covering a $1,189/mo payment rather than investor’s personal income.
Condo
Built in 2011
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 40502, Lexington, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,855 (100%) |
| Owner Occupied HU | 7,233 (52.2%) |
| Renter Occupied HU | 5,353 (38.6%) |
| Vacant Housing Units | 1,269 ( 9.2%) |
| Median Home Value | $506,048 |
| Average Home Value | $586,370 |
Housing Distribution
Address Breakdown
Residential
13,244
Single Family
10,478
Multi-Family
2,766
Businesses
624
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Listed by: Diana C Brooker • Lifstyl Real Estate
Mls Name: Imagine MLS
Mls Provider:
Mls ID: #25006954
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.