1202 Lexington Ridge LnApexNC27502
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 Apex at 1202 Lexington Ridge Ln, Apex, NC, 27502 generates $2,624/mo in rent and, after a $2,080/mo payment, leaves $18/mo in cash flow. Total monthly income is $2,624/mo, and annual cash flow is $221/yr on $140,888 invested. Return on cash invested sits at 20.07% in year one, and rental yield is 7.41% on a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 103.62% and total cumulative return in cash sums $145,985. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,624/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
0.27 Acres lot
$N/A/sqft
$187 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27502, Apex, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,077 (100%) |
| Owner Occupied HU | 14,333 (75.1%) |
| Renter Occupied HU | 3,940 (20.7%) |
| Vacant Housing Units | 804 ( 4.2%) |
| Median Home Value | $588,560 |
| Average Home Value | $614,278 |
Housing Distribution
Address Breakdown
Residential
18,556
Single Family
17,585
Multi-Family
971
Businesses
1,422
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Listed by: Renee Rogers • Keller Williams Legacy
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10091326
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