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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lexington at 0 College Dr, Lexington, TN, 38351 offers $0/mo rent that, after a $489/mo payment. Total monthly income is $0/mo. Return on cash invested measures -1.74% in year one, and rental yield stands at 0% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Lot
Built in N/A
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 38351, Lexington, TN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,245 (62.0%) |
| Renter Occupied HU | 2,349 (27.8%) |
| Vacant Housing Units | 865 (10.2%) |
| Median Home Value | $185,227 |
| Average Home Value | $229,947 |
Residential
8,093
Single Family
7,953
Multi-Family
140
Businesses
777
Date | Event | Price |
|---|---|---|
| 2024-06-18 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Brian K Williams • Real Estate One U.S.A.
Mls Name: CWTAR
Mls Provider:
Mls ID: #233532
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