319 E 3rd Avenue ExtLexingtonNC27292
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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 319 E 3rd Avenue Ext, Lexington, NC, 27292 generates $1,737/mo in rent and, after a $1,170/mo payment, leaves $280/mo in cash flow. Total monthly income is $1,737/mo, and annual cash flow is $3,362/yr on $79,229 invested. Return on cash invested sits at 24.15% in year one, and rental yield is 8.72% on a $239,000 entry. Equity gained on principal adds $1,542/yr, while 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 125.53% and total cumulative return in cash sums $99,456. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,737/mo property income rather than buyer’s personal income.
Single Family
Built in 2024
2 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: Sandy Walker • Leonard Craver Realty Inc
Mls Name: Triad MLS
Mls ID: #1205856