323 Western BlvdLexingtonNC27295
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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 323 Western Blvd, Lexington, NC, 27295 offers a 9.11% rental yield on a $160,000 purchase with $1,215/mo rent. Total monthly income registers $1,215/mo, and a $783/mo payment leaves $240/mo available for distribution. Annual cash flow reaches $2,880/yr on $53,040 to close, and return on cash invested stands at 25.34% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 131.84% and total cumulative return in cash at $69,926. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,215/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27295, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 12,830 (70.0%) |
| Renter Occupied HU | 4,253 (23.2%) |
| Vacant Housing Units | 1,247 ( 6.8%) |
| Median Home Value | $265,058 |
| Average Home Value | $287,562 |
Housing Distribution
Address Breakdown
Residential
18,030
Single Family
17,459
Multi-Family
571
Businesses
552
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Listed by: LeAnn Fox • Mark Spain Real Estate
Mls Name: Triad MLS
Mls ID: #1203241