285 Baney 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 285 Baney Dr, Lexington, NC, 27292 earns $191/mo cash flow from $1,532/mo rent with a $1,077/mo payment. Total monthly income totals $1,532/mo, and annual cash flow totals $2,292/yr on $72,930 capital. ROI tracks 23.05% on current figures, and rental yield reads 8.36% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 119.57% and total cumulative return in cash sums $87,203. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,532/mo property income instead of your personal income.
Manufactured
Built in 1986
0.69 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: Russell Littlejohn • Carolina Alpine Real Estate
Mls Name: Triad MLS
Mls ID: #1186110