218 Meades CtLexingtonSC29073
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 218 Meades Ct, Lexington, SC, 29073 generates $2,160/mo in rent and, after a $1,629/mo payment, leaves $179/mo in cash flow. Total monthly income is $2,160/mo, and annual cash flow is $2,144/yr on $110,356 invested. Return on cash invested sits at 21.85% in year one, and rental yield is 7.79% on a $332,900 entry. Equity gained on principal adds $2,148/yr, while 5% annual appreciation builds toward $91,974 over five years. Five-year ROI reaches 112.97% and total cumulative return in cash sums $124,665. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,160/mo property income rather than buyer’s personal income.
Single Family
Built in 2010
7,405 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicole Polfliet • NextHome Specialists
Mls Name: Consolidated MLS
Mls ID: #624049