450 Outer Banks DrLexingtonSC29072
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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 450 Outer Banks Dr, Lexington, SC, 29072 offers a 7.96% rental yield on a $559,000 purchase with $3,706/mo rent. Total monthly income registers $3,706/mo, and a $2,736/mo payment leaves $378/mo available for distribution. Annual cash flow reaches $4,541/yr on $183,911 to close, and return on cash invested stands at 22.53% in year one. Equity gained on principal adds $3,607/yr while 5% annual appreciation supports $154,441 over five years. Portfolio math shows five-year ROI at 116.56% and total cumulative return in cash at $214,371. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,706/mo property income against a $2,736/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
7,405 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: Lisa Addy • EXIT Real Est Consultants
Mls Name: Consolidated MLS
Mls ID: #615406