1027 Backman RdLexingtonSC29073
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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
Rental property for sale in Lexington at 1027 Backman Rd, Lexington, SC, 29073 generates $1,897/mo in rent and, after a $597/mo payment, leaves $1,171/mo in cash flow. Total monthly income is $1,897/mo, and annual cash flow is $14,051/yr on $40,443 invested. Return on cash invested sits at 54.65% in year one, and rental yield is 18.66% on a $122,000 entry. Equity gained on principal adds $787/yr, while 5% annual appreciation builds toward $33,706 over five years. Five-year ROI reaches 288.82% and total cumulative return in cash sums $116,807. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,897/mo property income rather than buyer’s personal income.
Single Family
Built in 1972
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29073, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,366 (100%) |
| Owner Occupied HU | 17,189 (80.5%) |
| Renter Occupied HU | 2,899 (13.6%) |
| Vacant Housing Units | 1,278 ( 6.0%) |
| Median Home Value | $239,149 |
| Average Home Value | $263,127 |
Housing Distribution
Address Breakdown
Residential
21,069
Single Family
20,814
Multi-Family
255
Businesses
883
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