319 N Lewis StLexingtonVA24450
Nearby investment properties with comparable rents
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
Investment property for sale in Lexington at 319 N Lewis St, Lexington, VA, 24450 offers a 11.42% rental yield on a $297,000 purchase with $2,826/mo rent. Total monthly income registers $2,826/mo, and a $1,454/mo payment leaves $1,050/mo available for distribution. Annual cash flow reaches $12,603/yr on $98,456 to close, and return on cash invested stands at 32.71% in year one. Equity gained on principal adds $1,916/yr while 5% annual appreciation supports $82,056 over five years. Portfolio math shows five-year ROI at 171.24% and total cumulative return in cash at $168,594. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,826/mo property income against a $1,454/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1978
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,782 (100%) |
| Owner Occupied HU | 4,502 (57.9%) |
| Renter Occupied HU | 2,172 (27.9%) |
| Vacant Housing Units | 1,108 (14.2%) |
| Median Home Value | $336,486 |
| Average Home Value | $408,309 |
Housing Distribution
Address Breakdown
Residential
7,170
Single Family
6,534
Multi-Family
636
Businesses
808
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices