402 Confederate CirLexingtonVA24450
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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 402 Confederate Cir, Lexington, VA, 24450 priced at $384,000 pairs $2,874/mo rent with $579/mo cash flow after a $1,879/mo payment. Total monthly income equals $2,874/mo, and annual cash flow comes to $6,948/yr on $127,296 invested. Return on cash invested is 25.37% in year one, and rental yield stands at 8.98% on a $384,000 basis. Equity gained on principal adds $2,478/yr, and 5% annual appreciation accumulates to $106,092 by year five. Five-year ROI measures 131.82% and total cumulative return in cash reaches $167,804. For financing, Ziffy Mortgage’s DSCR program evaluates $2,874/mo property income against a $1,879/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1964
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 24450, Lexington, VA area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,170
Single Family
6,534
Multi-Family
636
Businesses
808
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