113 Mill Glen DrLexingtonSC29072
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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 113 Mill Glen Dr, Lexington, SC, 29072 priced at $465,000 converts $3,604/mo rent into $836/mo cash flow after a $2,276/mo obligation. Total monthly income equals $3,604/mo, and annual cash flow totals $10,031/yr on $154,148 invested. Return on cash invested prints 26.42% in year one, and rental yield reads 9.3% against a $465,000 entry. Equity gained on principal adds $3,001/yr, while 5% annual appreciation compiles into $128,471 by year five. Five-year ROI reaches 137.42% and total cumulative return in cash sums $211,835. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,604/mo property income covering a $2,276/mo payment, not borrower’s personal income.
Single Family
Built in 2021
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29072, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,738 (100%) |
| Owner Occupied HU | 22,013 (79.4%) |
| Renter Occupied HU | 4,164 (15.0%) |
| Vacant Housing Units | 1,561 ( 5.6%) |
| Median Home Value | $339,715 |
| Average Home Value | $405,424 |
Housing Distribution
Address Breakdown
Residential
27,212
Single Family
24,320
Multi-Family
2,892
Businesses
1,826
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Listed by: Patrick O'Connor • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #624940