2348 Prescott Ln

Lexington, KY 40511
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3 bd, 2 ba | 1,220 sqft | Built in 2003

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For Sale

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List Price
$224,900

Initial Investment

$61,285
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$224,900

Down Payment

25%

Rent

$1,500

Total Return

$102,637

Annualized Return

21.4%

Cap Rate

5.2%

Gross Yield

8.0%

Cash Flow

-$1,225

Appreciation

8.3%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

6,162

HOA

None

Flood Risk

Not Required

This charming ranch style home features a nice size primary bedroom, open floor concept, fire place, fenced in back yard (with storage shed) and attached garage. This home is in a beautiful/quiet neighborhood conveniently located to downtown Lexington within 10 minutes, interstate within 5 minutes, Ky Horse park within 10 minutes with many other options for shopping, entertainment, parks and restaurants. COME TAKE A LOOK TODAY!

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

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Annual Financial Highlights

Expected Rent

$17,100

Expenses

-$3,980

Property Taxes

-$2,118

Loan Payments

-$12,227

Net Cash Flow

-$1,225

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:Bill Deaton
Agent License 251373
EXP Realty, LLC
Certified Agent Brokerage:Daniel David
eXp Realty
KY Brokerage License 239076
SourceLexington Bluegrass Association of Realtors (LBAR)
MLS #22024146
Last Updated: 11/30/2022 13:11
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.