2 Hamric StLexingtonVA24450
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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 2 Hamric St, Lexington, VA, 24450 generates $2,474/mo in rent and, after a $1,757/mo payment, leaves $328/mo in cash flow. Total monthly income is $2,474/mo, and annual cash flow is $3,937/yr on $119,009 invested. Return on cash invested sits at 23.22% in year one, and rental yield is 8.27% on a $359,000 entry. Equity gained on principal adds $2,317/yr, while 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 120.34% and total cumulative return in cash sums $143,215. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,474/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,782 (100%) |
| Owner Occupied HU | 4,502 (57.9%) |
| Renter Occupied HU | 2,172 (27.9%) |
| Vacant Housing Units | 1,108 (14.2%) |
| Median Home Value | $336,486 |
| Average Home Value | $408,309 |
Housing Distribution
Address Breakdown
Residential
7,170
Single Family
6,534
Multi-Family
636
Businesses
808
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