205 Reid AveLexingtonTN38351
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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 205 Reid Ave, Lexington, TN, 38351 uses $43,062 cash to close to unlock $2,390/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $977/mo, and a $636/mo payment keeps the spread at $199/mo. Purchase price stands at $129,900, and rental yield measures 9.03% with $977/mo rent. Return on cash invested shows 25.46% in year one, and 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 132.44% and total cumulative return in cash records $57,031. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $977/mo property income covering a $636/mo payment rather than investor’s personal income.
Single Family
Built in 1928
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38351, Lexington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,245 (62.0%) |
| Renter Occupied HU | 2,349 (27.8%) |
| Vacant Housing Units | 865 (10.2%) |
| Median Home Value | $185,227 |
| Average Home Value | $229,947 |
Housing Distribution
Address Breakdown
Residential
8,093
Single Family
7,953
Multi-Family
140
Businesses
777
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