324 Farming Creek WayLexingtonSC29072
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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
Investment property for sale in Lexington at 324 Farming Creek Way, Lexington, SC, 29072 offers a 10.88% rental yield on a $299,900 purchase with $2,719/mo rent. Total monthly income registers $2,719/mo, and a $1,468/mo payment leaves $899/mo available for distribution. Annual cash flow reaches $10,793/yr on $99,417 to close, and return on cash invested stands at 30.77% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 160.93% and total cumulative return in cash at $159,988. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,719/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2004
10,454 sqft lot
$N/A/sqft
$410 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29072, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,738 (100%) |
| Owner Occupied HU | 22,013 (79.4%) |
| Renter Occupied HU | 4,164 (15.0%) |
| Vacant Housing Units | 1,561 ( 5.6%) |
| Median Home Value | $339,715 |
| Average Home Value | $405,424 |
Housing Distribution
Address Breakdown
Residential
27,212
Single Family
24,320
Multi-Family
2,892
Businesses
1,826
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Nearby investment properties with comparable prices
Listed by: Isabella Frazier • Trelora Realty Inc
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #605977
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC