228 Millwright DrLexingtonSC29072
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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 228 Millwright Dr, Lexington, SC, 29072 priced at $400,000 pairs $2,954/mo rent with $520/mo cash flow after a $1,958/mo payment. Total monthly income equals $2,954/mo, and annual cash flow comes to $6,242/yr on $132,600 invested. Return on cash invested is 24.62% in year one, and rental yield stands at 8.86% on a $400,000 basis. Equity gained on principal adds $2,581/yr, and 5% annual appreciation accumulates to $110,513 by year five. Five-year ROI measures 127.97% and total cumulative return in cash reaches $169,684. For financing, Ziffy Mortgage’s DSCR program evaluates $2,954/mo property income against a $1,958/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
0.27 Acres lot
$N/A/sqft
$630 annually 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: Blair Minick • BHHS Midlands Real Estate
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #611636
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC