2421 Morning Glory TrlLexingtonSC29073
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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 2421 Morning Glory Trl, Lexington, SC, 29073 uses $140,854 cash to close to unlock $2,317/yr annual cash flow and $193/mo monthly cash flow. Total monthly income runs $2,774/mo, and a $2,080/mo payment keeps the spread at $193/mo. Purchase price stands at $424,900, and rental yield measures 7.83% with $2,774/mo rent. Return on cash invested shows 21.55% in year one, and 5% annual appreciation builds toward $117,392 over five years. Five-year ROI reaches 111.54% and total cumulative return in cash records $157,113. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,774/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2023
8,276 sqft lot
$N/A/sqft
$615 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: Daniele Ennis • Jason Mitchell Group
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #614869
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC