700 Windsor AveLexingtonNC27292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 700 Windsor Ave, Lexington, NC, 27292 uses $109,064 cash to close to unlock $3,062/yr annual cash flow and $255/mo monthly cash flow. Total monthly income runs $2,260/mo, and a $1,610/mo payment keeps the spread at $255/mo. Purchase price stands at $329,000, and rental yield measures 8.24% with $2,260/mo rent. Return on cash invested shows 22.72% in year one, and 5% annual appreciation builds toward $90,897 over five years. Five-year ROI reaches 117.8% and total cumulative return in cash records $128,481. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,260/mo property income covering a $1,610/mo payment rather than investor’s personal income.
Single Family
Built in 1957
0.41 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Epley • Southern Key Realty
Mls Name: Triad MLS
Mls ID: #1191131