255 Lester DrLexingtonNC27292
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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 255 Lester Dr, Lexington, NC, 27292 listed at $269,000 pairs $2,323/mo rent with a $1,317/mo payment to leave $683/mo cash flow. Total monthly income runs $2,323/mo, and annual cash flow reaches $8,198/yr on $89,174 cash to close. Return on cash invested measures 29.1% in year one, and rental yield registers 10.36% at a $269,000 basis. Equity gained on principal adds $1,736/yr, and annual property appreciation at 5% supports $74,320 by year five. Five-year ROI tracks 152.06% and total cumulative return in cash totals $135,599. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,323/mo property income relative to a $1,317/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2014
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27292, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,311 (100%) |
| Owner Occupied HU | 11,686 (60.5%) |
| Renter Occupied HU | 5,337 (27.6%) |
| Vacant Housing Units | 2,288 (11.8%) |
| Median Home Value | $238,816 |
| Average Home Value | $280,651 |
Housing Distribution
Address Breakdown
Residential
17,605
Single Family
16,969
Multi-Family
636
Businesses
1,197
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Listed by: Michelle Epley • Southern Key Realty
Mls Name: Triad MLS
Mls ID: #1197612