377 Lenalan DrLexingtonNC27295
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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 377 Lenalan Dr, Lexington, NC, 27295 with 5% annual appreciation on a $484,900 basis while $2,556/mo rent supports operations. 93% in year one. Equity gained on principal adds $3,129/yr, and five-year appreciation sums $133,969 alongside rental yield of 6.33%. Five-year ROI measures 86.77% and total cumulative return in cash totals $139,471. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,556/mo property income versus a $2,373/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.47 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: Joshua Tackett • Local R.E. Inc.
Mls Name: Triad MLS
Mls ID: #1203750