42 Mill StLexingtonNC27295
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Nearby investment properties with comparable prices
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 42 Mill St, Lexington, NC, 27295 earns $172/mo cash flow from $1,757/mo rent with a $1,273/mo payment. Total monthly income totals $1,757/mo, and annual cash flow totals $2,064/yr on $86,187 capital. ROI tracks 22.3% on current figures, and rental yield reads 8.11% at a $259,990 purchase. Equity gained on principal adds $1,678/yr, and 5% annual appreciation supports $71,830 over five years. Five-year ROI reaches 115.61% and total cumulative return in cash sums $99,638. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,757/mo property income instead of your personal income.
Single Family
Built in 2025
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27295, Lexington, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,330 (100%) |
| Owner Occupied HU | 12,830 (70.0%) |
| Renter Occupied HU | 4,253 (23.2%) |
| Vacant Housing Units | 1,247 ( 6.8%) |
| Median Home Value | $265,058 |
| Average Home Value | $287,562 |
Housing Distribution
Address Breakdown
Residential
18,030
Single Family
17,459
Multi-Family
571
Businesses
552
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Listed by: Michael Foch • Sidden and Associates Inc
Mls Name: Triad MLS
Mls ID: #1199678