309 Kimberly LnLexingtonNC27292
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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 309 Kimberly Ln, Lexington, NC, 27292 uses $81,218 cash to close to unlock $168/yr annual cash flow and $14/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $1,199/mo payment keeps the spread at $14/mo. Purchase price stands at $245,000, and rental yield measures 7.38% with $1,507/mo rent. Return on cash invested shows 20.12% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 103.81% and total cumulative return in cash records $84,312. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.34 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: Kristy Aguilar • EverHome Real Estate
Mls Name: Triad MLS
Mls ID: #1204123