408 Saluda Springs RdLexingtonSC29072
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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 408 Saluda Springs Rd, Lexington, SC, 29072 priced at $279,000 pairs $2,232/mo rent with $571/mo cash flow after a $1,366/mo payment. Total monthly income equals $2,232/mo, and annual cash flow comes to $6,849/yr on $92,489 invested. Return on cash invested is 27.31% in year one, and rental yield stands at 9.6% on a $279,000 basis. Equity gained on principal adds $1,800/yr, and 5% annual appreciation accumulates to $77,083 by year five. Five-year ROI measures 142.25% and total cumulative return in cash reaches $131,563. For financing, Ziffy Mortgage’s DSCR program evaluates $2,232/mo property income against a $1,366/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2012
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 29072, Lexington, SC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,738 (100%) |
| Owner Occupied HU | 22,013 (79.4%) |
| Renter Occupied HU | 4,164 (15.0%) |
| Vacant Housing Units | 1,561 ( 5.6%) |
| Median Home Value | $339,715 |
| Average Home Value | $405,424 |
Housing Distribution
Address Breakdown
Residential
27,212
Single Family
24,320
Multi-Family
2,892
Businesses
1,826
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Listed by: Vanessa Anderson • NextHome Specialists
Mls Name: Consolidated MLS
Mls ID: #613784