308 Carters Grove RdLexingtonNC27292
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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 308 Carters Grove Rd, Lexington, NC, 27292 priced at $175,000 pairs $1,628/mo rent with $561/mo cash flow after a $857/mo payment. Total monthly income equals $1,628/mo, and annual cash flow comes to $6,732/yr on $58,013 invested. Return on cash invested is 31.51% in year one, and rental yield stands at 11.16% on a $175,000 basis. Equity gained on principal adds $1,129/yr, and 5% annual appreciation accumulates to $48,349 by year five. Five-year ROI measures 164.93% and total cumulative return in cash reaches $95,683. For financing, Ziffy Mortgage’s DSCR program evaluates $1,628/mo property income against a $857/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.30 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: Lauren McRae • Keller Williams One
Mls Name: Triad MLS
Mls ID: #1188824