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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Lexington at 321 Jack Daniels Ln, Lexington, VA, 24450 generates $1,590/mo in rent, after a $3,421/mo payment. Total monthly income is $1,590/mo. Return on cash invested sits at 6.55% in year one, and rental yield is 2.73% on a $699,000 entry. Equity gained on principal adds $4,511/yr, while 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 30.92% and total cumulative return in cash sums $71,102. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,590/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
100.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.
| 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 |
Residential
7,170
Single Family
6,534
Multi-Family
636
Businesses
808
Date | Event | Price |
|---|---|---|
| 2024-09-19 | Listed for sale | $699,000 |
| 2024-08-12 | Listing removed | $699,000 |
| 2024-07-19 | Pending sale | $699,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2022-10-18 | N/A | N/A | $632,200 | 20.17% |
| 2021-10-18 | N/A | N/A | $526,100 | N/A |
| 2020-10-18 | N/A | N/A | $526,100 | N/A |
What's Special
None
Listed by: KATHLEEN KELLETT-WARD • Long & Foster - Staunton
Mls Name: Rockbridge Highlands REALTORS
Mls Provider:
Mls ID: #138582
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Rockbridge Highland Realtors. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Copyright 2024 Rockbridge Highland Realtors. All rights reserved.
