638 Hollow Creek Rd

Lexington, KY 40511
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3 bd, 1 ba | 1,025 sqft | Built in 1973

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For Sale

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List Price
$175,000

$10K

Initial Investment

$47,688
Pre-approval letter or proof of funds required.

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about the purchase process.

Purchase Price

$175,000

Down Payment

25%

Rent

$1,100

Total Return

$76,059

Annualized Return

20.3%

Cap Rate

4.8%

Gross Yield

7.5%

Cash Flow

-$1,670

Appreciation

8.3%
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Features

Occupancy

Vacant

Vacancy Protection

Yes

Lot Size

6,600

HOA

None

Flood Risk

Not Required

This is it! Renovated in the last 2 years... It's your opportunity to own a like-new home conveniently located to all things in Lexington! This completely updated home includes: New roof, New gutters, New double hung screened windows, New LVP flooring in the living room, hallway and bedrooms, New tile in bathroom and kitchen, Updated electric ,New vanity, shower kit, New interior doors, jams, and knobs, New shelving in bedroom closets and laundry room, New kitchen cabinets, New countertops, Fresh paint, New stainless appliances, New led lighting and ceiling fans, Landscaping, New gate, New front and back exterior doors, and New HVAC. Situated only 4 houses down from the entrance of the new subdivision, Citation Village, you'll not only have an easy commute to Lexington. Georgetown, Paris, and surrounding communities are easily accessible via I-75 and I-64 via Newtown Pike. Call today for a private showing because this one won't last long!

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

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Annual Financial Highlights

Expected Rent

$12,540

Expenses

-$3,031

Property Taxes

-$1,665

Loan Payments

-$9,514

Net Cash Flow

-$1,670

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.

Similar Listings



Listing Courtesy of:Pam Murphy
Agent License 219216
Keller Williams Greater Lexington
Certified Agent Brokerage:Daniel David
eXp Realty
KY Brokerage License 239076
SourceLexington Bluegrass Association of Realtors (LBAR)
MLS #22024480
Last Updated: 11/30/2022 11:11
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.