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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Lexington at 38 Mill Ct, Lexington, VA, 24450 offers a 10.56% rental yield on a $375,000 purchase with $3,301/mo rent. Total monthly income registers $3,301/mo, and a $1,835/mo payment leaves $1,060/mo available for distribution. Annual cash flow reaches $12,717/yr on $124,313 to close, and return on cash invested stands at 30.14% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 157.42% and total cumulative return in cash at $195,699. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,301/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,782 (100%) |
| Owner Occupied HU | 4,502 (57.9%) |
| Renter Occupied HU | 2,172 (27.9%) |
| Vacant Housing Units | 1,108 (14.2%) |
| Median Home Value | $336,486 |
| Average Home Value | $408,309 |
Residential
7,170
Single Family
6,534
Multi-Family
636
Businesses
808
Date | Event | Price |
|---|---|---|
| 2025-05-05 | Sold | $375,000 |
| 2025-03-08 | Pending sale | $375,000 |
| 2025-03-04 | Price change | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-07-09 | N/A | N/A | $312,300 | N/A |
| 2022-07-09 | N/A | N/A | $312,300 | 23.49% |
| 2021-07-09 | N/A | N/A | $252,900 | N/A |
What's Special
Scuttle
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
