162 Mesquite 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
Rental property for sale in Lexington at 162 Mesquite Dr, Lexington, NC, 27295 priced at $320,000 pairs $2,494/mo rent with $544/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,494/mo, and annual cash flow comes to $6,528/yr on $106,080 invested. Return on cash invested is 26.06% in year one, and rental yield stands at 9.35% on a $320,000 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,410 by year five. Five-year ROI measures 135.7% and total cumulative return in cash reaches $143,955. For financing, Ziffy Mortgage’s DSCR program evaluates $2,494/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2023
0.54 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: Shelli Phillips • Re/Max Leading Edge
Mls Name: Triad MLS
Mls ID: #1193925