124 Devonia Ave

Lexington, KY 40505
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3 bd, 2 ba | 1,221 sqft | Built in 1930

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For Sale

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List Price
$199,900

Initial Investment

$54,473
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$199,900

Down Payment

25%

Rent

$1,200

Total Return

$66,905

Annualized Return

16.6%

Cap Rate

4.5%

Gross Yield

7.2%

Cash Flow

-$2,356

Appreciation

7.0%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

7,335

HOA

None

Flood Risk

Not Required

This can be your home located downtown in Highlawn neighborhood! Location, Location. This home has been partially remodeled; 5 indoor mini split heads for heating and air with a great seer rating (20+), fully remodeled kitchen, range refrigerator and dishwasher will convey. This craftsman home boasts a fenced yard, with detached storage building / garage. The upstairs has an unfinished room to be finished as a bathroom. Seller is selling the home as/is, where/is no guarantees. Buyer to verify all aspects of purchase.

See more in Analysis
Daniel David
eXp Realty
KY Agent License #218644

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Annual Financial Highlights

Expected Rent

$13,680

Expenses

-$3,287

Property Taxes

-$1,882

Loan Payments

-$10,868

Net Cash Flow

-$2,356

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:D Tanner Good
Agent License 246374
Black Tie Real Estate Services, Inc.
Certified Agent Brokerage:Daniel David
eXp Realty
KY Brokerage License 239076
SourceLexington Bluegrass Association of Realtors (LBAR)
MLS #22023880
Last Updated: 11/01/2022 03:11
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.