402 Mulberry Ridge CtLexingtonSC29073
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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 Mulberry Ridge Ct, Lexington, SC, 29073 priced at $309,900 pairs $2,627/mo rent with $782/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,627/mo, and annual cash flow comes to $9,384/yr on $102,732 invested. Return on cash invested is 29.04% in year one, and rental yield stands at 10.17% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 151.57% and total cumulative return in cash reaches $155,712. For financing, Ziffy Mortgage’s DSCR program evaluates $2,627/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2008
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29073, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,366 (100%) |
| Owner Occupied HU | 17,189 (80.5%) |
| Renter Occupied HU | 2,899 (13.6%) |
| Vacant Housing Units | 1,278 ( 6.0%) |
| Median Home Value | $239,149 |
| Average Home Value | $263,127 |
Housing Distribution
Address Breakdown
Residential
21,069
Single Family
20,814
Multi-Family
255
Businesses
883
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Listed by: Luke Poston • Century 21 Vanguard
Mls Name: Consolidated MLS
Mls ID: #612339