221 Oak Ridge LnLexingtonSC29073
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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 221 Oak Ridge Ln, Lexington, SC, 29073 priced at $130,534 converts $1,982/mo rent into $1,205/mo cash flow after a $639/mo obligation. Total monthly income equals $1,982/mo, and annual cash flow totals $14,458/yr on $43,272 invested. Return on cash invested prints 53.32% in year one, and rental yield reads 18.22% against a $130,534 entry. Equity gained on principal adds $842/yr, while 5% annual appreciation compiles into $36,064 by year five. Five-year ROI reaches 281.67% and total cumulative return in cash sums $121,886. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,982/mo property income covering a $639/mo payment, not borrower’s personal income.
Single Family
Built in 1972
0.35 Acres 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
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