304 Pope StLexingtonNC27292
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Nearby investment properties with comparable prices
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 304 Pope St, Lexington, NC, 27292 priced at $229,900 converts $2,137/mo rent into $736/mo cash flow after a $1,125/mo obligation. Total monthly income equals $2,137/mo, and annual cash flow totals $8,833/yr on $76,212 invested. Return on cash invested prints 31.5% in year one, and rental yield reads 11.15% against a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation compiles into $63,517 by year five. Five-year ROI reaches 164.92% and total cumulative return in cash sums $125,687. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,137/mo property income covering a $1,125/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.17 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: Neil Sutton, Jr. • eXp Realty LLC
Mls Name: Triad MLS
Mls ID: #1201596