116 Phoenix LnLexingtonSC29072
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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 116 Phoenix Ln, Lexington, SC, 29072 offers $1,599/mo rent that, after a $1,101/mo payment, leaves $260/mo cash flow. Total monthly income is $1,599/mo, and annual cash flow is $3,119/yr on $74,588 cash. Return on cash invested measures 24.09% in year one, and rental yield stands at 8.53% at a $225,000 entry. Equity gained on principal adds $1,452/yr while 5% annual appreciation compounds into $62,163 by year five. Five-year ROI records 124.96% and total cumulative return in cash reaches $93,201. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,599/mo property income versus a $1,101/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
6,054 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: Nick Huscroft • Chosen Realty LLC
Mls Name: Consolidated MLS
Mls ID: #622969