116 Veranda LnLexingtonSC29072
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
Investment property for sale in Lexington at 116 Veranda Ln, Lexington, SC, 29072 at $277,000 posts ROI 24% with $313/mo cash flow from $1,990/mo rent. Total monthly income equals $1,990/mo, and annual cash flow records $3,754/yr on $91,826 to close. Return on cash invested measures 24% and rental yield reads 8.62% at the current $277,000. Equity gained on principal adds $1,787/yr, and 5% annual appreciation supports $76,530 by year five. Five-year ROI prints 124.6% and total cumulative return in cash totals $114,411.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,990/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
9,583 sqft lot
$N/A/sqft
$28 monthly 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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