405 Owens Ridge WayLexingtonNC27292
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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 405 Owens Ridge Way, Lexington, NC, 27292 uses $99,997 cash to close to unlock $1,704/yr annual cash flow and $142/mo monthly cash flow. Total monthly income runs $1,980/mo, and a $1,476/mo payment keeps the spread at $142/mo. Purchase price stands at $301,649, and rental yield measures 7.88% with $1,980/mo rent. Return on cash invested shows 21.61% in year one, and 5% annual appreciation builds toward $83,340 over five years. Five-year ROI reaches 111.89% and total cumulative return in cash records $111,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,980/mo property income covering a $1,476/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27292, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,311 (100%) |
| Owner Occupied HU | 11,686 (60.5%) |
| Renter Occupied HU | 5,337 (27.6%) |
| Vacant Housing Units | 2,288 (11.8%) |
| Median Home Value | $238,816 |
| Average Home Value | $280,651 |
Housing Distribution
Address Breakdown
Residential
17,605
Single Family
16,969
Multi-Family
636
Businesses
1,197
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Listed by: Elizabeth Ward • DR Horton
Mls Name: Triad MLS
Mls ID: #1200577