607 Colonial DrLexingtonTN38351
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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 607 Colonial Dr, Lexington, TN, 38351 earns from $2,225/mo rent with a $1,835/mo payment. Total monthly income totals $2,225/mo. ROI tracks 19.72% on current figures, and rental yield reads 7.12% at a $375,000 purchase. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 over five years. Five-year ROI reaches 101.57% and total cumulative return in cash sums $126,267. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,225/mo property income instead of your personal income.
Single Family
Built in 1974
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 38351, Lexington, TN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,459 (100%) |
| Owner Occupied HU | 5,245 (62.0%) |
| Renter Occupied HU | 2,349 (27.8%) |
| Vacant Housing Units | 865 (10.2%) |
| Median Home Value | $185,227 |
| Average Home Value | $229,947 |
Housing Distribution
Address Breakdown
Residential
8,093
Single Family
7,953
Multi-Family
140
Businesses
777
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Listed by: Lucas Watson • Tennessee Real Estate Company
Mls Name: Tennessee Valley MLS
Mls Provider:
Mls ID: #132959
Disclaimer: Copyright Tennessee Valley Association of REALTORS. All rights reserved. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed.