221 Estelle DrLexingtonNC27295
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 221 Estelle Dr, Lexington, NC, 27295 priced at $375,000 converts $2,527/mo rent into $242/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,527/mo, and annual cash flow totals $2,904/yr on $124,313 invested. Return on cash invested prints 22.25% in year one, and rental yield reads 8.09% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 115.23% and total cumulative return in cash sums $143,247. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,527/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.48 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Caroline James • Southern Key Realty
Mls Name: Triad MLS
Mls ID: #1207244