129 Cherry Laurel DrLexingtonSC29073
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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 129 Cherry Laurel Dr, Lexington, SC, 29073 priced at $219,900 pairs $1,550/mo rent with $51/mo cash flow after a $1,076/mo payment. Total monthly income equals $1,550/mo, and annual cash flow comes to $606/yr on $72,897 invested. Return on cash invested is 20.74% in year one, and rental yield stands at 8.46% on a $219,900 basis. Equity gained on principal adds $1,419/yr, and 5% annual appreciation accumulates to $60,754 by year five. Five-year ROI measures 108.16% and total cumulative return in cash reaches $78,844. For financing, Ziffy Mortgage’s DSCR program evaluates $1,550/mo property income against a $1,076/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2007
7,840 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29073, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,366 (100%) |
| Owner Occupied HU | 17,189 (80.5%) |
| Renter Occupied HU | 2,899 (13.6%) |
| Vacant Housing Units | 1,278 ( 6.0%) |
| Median Home Value | $239,149 |
| Average Home Value | $263,127 |
Housing Distribution
Address Breakdown
Residential
21,069
Single Family
20,814
Multi-Family
255
Businesses
883
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Listed by: Robert Ouzts • Ouzts Realty Company LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #598489
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC