224 Hermitage RdLexingtonSC29072
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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 224 Hermitage Rd, Lexington, SC, 29072 uses $87,814 cash to close to unlock $10,832/yr annual cash flow and $903/mo monthly cash flow. Total monthly income runs $2,480/mo, and a $1,297/mo payment keeps the spread at $903/mo. Purchase price stands at $264,900, and rental yield measures 11.23% with $2,480/mo rent. Return on cash invested shows 32.24% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 168.71% and total cumulative return in cash records $148,148. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,480/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1986
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29072, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,738 (100%) |
| Owner Occupied HU | 22,013 (79.4%) |
| Renter Occupied HU | 4,164 (15.0%) |
| Vacant Housing Units | 1,561 ( 5.6%) |
| Median Home Value | $339,715 |
| Average Home Value | $405,424 |
Housing Distribution
Address Breakdown
Residential
27,212
Single Family
24,320
Multi-Family
2,892
Businesses
1,826
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Listed by: Connie Stroble • W Realty
Mls Name: Consolidated MLS
Mls ID: #617588