121 Richmond DrLexingtonNC27295
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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 121 Richmond Dr, Lexington, NC, 27295 at $240,000 posts ROI 26.32% with $425/mo cash flow from $1,888/mo rent. Total monthly income equals $1,888/mo, and annual cash flow records $5,100/yr on $79,560 to close. Return on cash invested measures 26.32% and rental yield reads 9.44% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 137.08% and total cumulative return in cash totals $109,058.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,888/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1973
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27295, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 12,830 (70.0%) |
| Renter Occupied HU | 4,253 (23.2%) |
| Vacant Housing Units | 1,247 ( 6.8%) |
| Median Home Value | $265,058 |
| Average Home Value | $287,562 |
Housing Distribution
Address Breakdown
Residential
18,030
Single Family
17,459
Multi-Family
571
Businesses
552
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Listed by: Bonnie Owens • Mantle LLC
Mls Name: Triad MLS
Mls ID: #1194490