518 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
Rental property for sale in Lexington at 518 Outer Banks Dr, Lexington, SC, 29072 priced at $567,990 pairs $2,632/mo rent with after a $2,780/mo payment. Total monthly income equals $2,632/mo. Return on cash invested is 15.25% in year one, and rental yield stands at 5.56% on a $567,990 basis. Equity gained on principal adds $3,665/yr, and 5% annual appreciation accumulates to $156,925 by year five. Five-year ROI measures 77.5% and total cumulative return in cash reaches $144,822. For financing, Ziffy Mortgage’s DSCR program evaluates $2,632/mo property income against a $2,780/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A 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: Jeannie Hickman • Eastwood Homes of Columbia LLC
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #584641
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC