306 Coventry Lake DrLexingtonSC29072
Nearby investment properties with comparable rents
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 306 Coventry Lake Dr, Lexington, SC, 29072 offers $2,668/mo rent that, after a $1,463/mo payment, leaves $358/mo cash flow. Total monthly income is $2,668/mo, and annual cash flow is $4,294/yr on $99,119 cash. Return on cash invested measures 24.24% in year one, and rental yield stands at 10.71% at a $299,000 entry. Equity gained on principal adds $1,929/yr while 5% annual appreciation compounds into $82,608 by year five. Five-year ROI records 128.09% and total cumulative return in cash reaches $126,958. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,668/mo property income versus a $1,463/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.26 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Laurie Rowe • Southern Dreams Realty
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #617572
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC