326 Washburn StLexingtonNC27292
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 326 Washburn St, Lexington, NC, 27292 with 5% annual appreciation on a $164,000 basis while $1,088/mo rent supports operations. Total monthly income totals $1,088/mo and a $803/mo payment preserves $88/mo for cash returns. Annual cash flow comes to $1,058/yr on $54,366 deployed, and return on cash invested reaches 21.86% in year one. Equity gained on principal adds $1,058/yr, and five-year appreciation sums $45,310 alongside rental yield of 7.96%. Five-year ROI measures 113.23% and total cumulative return in cash totals $61,557.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,088/mo property income versus a $803/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1956
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Maichou Thao • Smart Move Group
Mls Name: Triad MLS
Mls ID: #1185828