197 Broadway RdLexingtonNC27295
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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 197 Broadway Rd, Lexington, NC, 27295 uses $93,649 cash to close to unlock $3,216/yr annual cash flow and $268/mo monthly cash flow. Total monthly income runs $1,990/mo, and a $1,383/mo payment keeps the spread at $268/mo. Purchase price stands at $282,500, and rental yield measures 8.45% with $1,990/mo rent. Return on cash invested shows 23.34% in year one, and 5% annual appreciation builds toward $78,050 over five years. Five-year ROI reaches 121.13% and total cumulative return in cash records $113,438. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,990/mo property income covering a $1,383/mo payment rather than investor’s personal income.
Single Family
Built in 2021
1.14 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: Jessalyn Rollins • Exit Realty Elite Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4306919