260 Drummond WayLexingtonSC29072
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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 260 Drummond Way, Lexington, SC, 29072 with 5% annual appreciation on a $299,500 basis while $2,560/mo rent supports operations. Total monthly income totals $2,560/mo and a $1,466/mo payment preserves $777/mo for cash returns. Annual cash flow comes to $9,324/yr on $99,284 deployed, and return on cash invested reaches 29.3% in year one. Equity gained on principal adds $1,933/yr, and five-year appreciation sums $82,746 alongside rental yield of 10.26%. Five-year ROI measures 152.94% and total cumulative return in cash totals $151,847.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,560/mo property income versus a $1,466/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2021
8,276 sqft 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: Paul K Bryant • Coldwell Banker Realty
Mls Name: Consolidated MLS
Mls ID: #620766