524 Millcreek 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
Investment property for sale in Lexington at 524 Millcreek Rd, Lexington, SC, 29072 listed at $299,000 pairs $2,292/mo rent with a $1,463/mo payment to leave $511/mo cash flow. Total monthly income runs $2,292/mo, and annual cash flow reaches $6,131/yr on $99,119 cash to close. Return on cash invested measures 26.09% in year one, and rental yield registers 9.2% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 135.69% and total cumulative return in cash totals $134,494. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,292/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.84 Acres lot
$N/A/sqft
$20 annually 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: John Page • Olivia Cooley Real Estate
Mls Name: Consolidated MLS
Mls Provider:
Mls ID: #614810
Disclaimer: IDX listing data provided courtesy of Consolidated MLS - Columbia, SC