490 Riverwood DrLexingtonNC27292
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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 490 Riverwood Dr, Lexington, NC, 27292 offers a 4.16% rental yield on a $582,500 purchase with $2,020/mo rent. 48% in year one. Equity gained on principal adds $3,759/yr while 5% annual appreciation supports $160,934 over five years. Portfolio math shows five-year ROI at 52.12% and total cumulative return in cash at $99,877. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,020/mo property income against a $2,851/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.60 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: Angie Roberts • Keller Williams Unified
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4324456