312 Eastern Shores DrLexingtonTN38351
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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
Rental property for sale in Lexington at 312 Eastern Shores Dr, Lexington, TN, 38351 priced at $449,900 pairs $2,680/mo rent with after a $2,202/mo payment. Total monthly income equals $2,680/mo. Return on cash invested is 19.74% in year one, and rental yield stands at 7.15% on a $449,900 basis. Equity gained on principal adds $2,903/yr, and 5% annual appreciation accumulates to $124,299 by year five. Five-year ROI measures 101.68% and total cumulative return in cash reaches $151,642. For financing, Ziffy Mortgage’s DSCR program evaluates $2,680/mo property income against a $2,202/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
0.80 Acres lot
$N/A/sqft
$100 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38351, Lexington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,245 (62.0%) |
| Renter Occupied HU | 2,349 (27.8%) |
| Vacant Housing Units | 865 (10.2%) |
| Median Home Value | $185,227 |
| Average Home Value | $229,947 |
Housing Distribution
Address Breakdown
Residential
8,093
Single Family
7,953
Multi-Family
140
Businesses
777
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Listed by: Rudy M Grice • Crye-Leike Preferred Realty
Mls Name: CWTAR
Mls Provider:
Mls ID: #246556
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