115 David DrLexingtonSC29073
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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
Investment property for sale in Lexington at 115 David Dr, Lexington, SC, 29073 uses $63,317 cash to close to unlock $7,417/yr annual cash flow and $618/mo monthly cash flow. Total monthly income runs $1,834/mo, and a $935/mo payment keeps the spread at $618/mo. Purchase price stands at $191,000, and rental yield measures 11.52% with $1,834/mo rent. Return on cash invested shows 31.62% in year one, and 5% annual appreciation builds toward $52,770 over five years. Five-year ROI reaches 165.97% and total cumulative return in cash records $105,086. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,834/mo property income covering a $935/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.30 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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Listed by: Stuart T Reynolds • Home Advantage Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #587996
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC