349 Saluda Springs RdLexingtonSC29072
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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
Rental property for sale in Lexington at 349 Saluda Springs Rd, Lexington, SC, 29072 priced at $256,000 converts $2,274/mo rent into $750/mo cash flow after a $1,253/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $9,001/yr on $84,864 invested. Return on cash invested prints 30.52% in year one, and rental yield reads 10.66% against a $256,000 entry. Equity gained on principal adds $1,652/yr, while 5% annual appreciation compiles into $70,728 by year five. Five-year ROI reaches 159.46% and total cumulative return in cash sums $135,322. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,253/mo payment, not borrower’s personal income.
Townhouse
Built in 2009
4,356 sqft lot
$N/A/sqft
No 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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Listed by: Merri M Cantey • RE/MAX At The Lake
Mls Name: Consolidated MLS
Mls ID: #624900