318 Riverview RdLexingtonNC27292
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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 318 Riverview Rd, Lexington, NC, 27292 generates $1,307/mo in rent, after a $2,885/mo payment. Total monthly income is $1,307/mo. Return on cash invested sits at 5.92% in year one, and rental yield is 2.66% on a $589,500 entry. Equity gained on principal adds $3,804/yr, while 5% annual appreciation builds toward $162,868 over five years. Five-year ROI reaches 27.67% and total cumulative return in cash sums $53,667. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,307/mo property income rather than buyer’s personal income.
Single Family
Built in 1970
0.76 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: Shelli Phillips • Re/Max Leading Edge
Mls Name: Triad MLS
Mls ID: #1193330