219 Meades CtLexingtonSC29073
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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 219 Meades Ct, Lexington, SC, 29073 generates $2,762/mo in rent and, after a $1,541/mo payment, leaves $875/mo in cash flow. Total monthly income is $2,762/mo, and annual cash flow is $10,503/yr on $104,389 invested. Return on cash invested sits at 29.97% in year one, and rental yield is 10.53% on a $314,900 entry. Equity gained on principal adds $2,032/yr, while 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 156.57% and total cumulative return in cash sums $163,438. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,762/mo property income rather than buyer’s personal income.
Single Family
Built in 2009
9,147 sqft lot
$N/A/sqft
$150 annually 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
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Listed by: Caroline Glenn • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #598149
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC