704 Richard RdLexingtonNC27292
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 704 Richard Rd, Lexington, NC, 27292 at $208,990 posts ROI 20.1% with $11/mo cash flow from $1,285/mo rent. Total monthly income equals $1,285/mo, and annual cash flow records $135/yr on $69,280 to close. Return on cash invested measures 20.1% and rental yield reads 7.38% at the current $208,990. Equity gained on principal adds $1,349/yr, and 5% annual appreciation supports $57,740 by year five. Five-year ROI prints 103.84% and total cumulative return in cash totals $71,938.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,285/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2025
0.03 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: Susan Thompson • WJH Brokerage NC LLC
Mls Name: Triad MLS
Mls ID: #1203191