11 Southfork Ln, Lexington, VA, 24450 | $612/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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11 Southfork Ln, Lexington, VA, 24450 | $612/mo Cash Flow | Ziffy

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Lexington at 11 Southfork Ln, Lexington, VA, 24450 offers $2,704/mo rent that, after a $1,713/mo payment, leaves $612/mo cash flow. Total monthly income is $2,704/mo, and annual cash flow is $7,342/yr on $116,025 cash. Return on cash invested measures 26.24% in year one, and rental yield stands at 9.27% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 136.5% and total cumulative return in cash reaches $158,378. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,704/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2007

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

This lovely 3 bdr, 2 1/2 bath home sits on a quiet cul de sac just N of Lexington in the Viewmont neighborhood. Nicely updated with new easy to care for flooring on the 1st level, an impressive entryway, wrought iron balustrades on the staircase for a modern flair and lots of space thru out. Large kitchen connects to a very spacious dining area and also has a separate light filled breakfast nook which opens onto the back deck all providing loads of room for big gatherings. The living room can accommodate large furniture and still have room to spare. 2 bedrooms are connected by a unique Jack & Jill closet which expands storage space. Covered front porch and open back deck to allow outdoor enjoyment any time of year. Level front entry and a 2 car garage -a whole lot of house & priced well.

Neighborhood Data

Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,782 (100%)
Owner Occupied HU	4,502 (57.9%)
Renter Occupied HU	2,172 (27.9%)
Vacant Housing Units	1,108 (14.2%)
Median Home Value	$336,486
Average Home Value	$408,309