116 Pond StLexingtonNC27292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Pond St, Lexington, NC, 27292 priced at $130,000 converts $1,184/mo rent into $392/mo cash flow after a $636/mo obligation. Total monthly income equals $1,184/mo, and annual cash flow totals $4,704/yr on $43,095 invested. Return on cash invested prints 30.82% in year one, and rental yield reads 10.93% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 161.23% and total cumulative return in cash sums $69,483. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,184/mo property income covering a $636/mo payment, not borrower’s personal income.
Manufactured
Built in 1966
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27292, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,311 (100%) |
| Owner Occupied HU | 11,686 (60.5%) |
| Renter Occupied HU | 5,337 (27.6%) |
| Vacant Housing Units | 2,288 (11.8%) |
| Median Home Value | $238,816 |
| Average Home Value | $280,651 |
Housing Distribution
Address Breakdown
Residential
17,605
Single Family
16,969
Multi-Family
636
Businesses
1,197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Glen Stanley • Total Real Estate, LLC
Mls Name: Triad MLS
Mls ID: #1194464